Accountancy, asked by debadas4532, 1 year ago

How many schedules of final accounts of banking companies?

Answers

Answered by kanchanajuluru
5

Answer:

There are 16 schedules in banking companies financial accounts

Explanation:

  1. Capital
  2. Reserves & Surplus
  3. Deposits
  4. Borrowings
  5. Other Liabilities and provisions
  6. Cash and Balances
  7. Balances with Banks & Money at Call & Short notice
  8. Investments
  9. Advances
  10. Fixed Assets
  11. Other Assets
  12. Contingent Liabilities
  13. Interest earned
  14. Other income
  15. Interest Expended
  16. Operating expenses
Answered by nafibarli789
1

Answer:

The schedules of final accounts of banking companies are as follows:

Explanation:

The final accounts of banking companies are divided into

(a) Current Accounts Ledger

(b) Saving Bank Accounts Ledger

(c) Fixed Deposit Accounts Ledger

(d) Investment ledger

The Banking Regulation act, of 1949 defines forms of qualifying final accounts of the Banking companies. The third schedule of section 29 provides forms 'A' for the balance sheet and Form 'B' for the Profit and loss account. There exist 16 schedules in banking companies financial accounts. Therefore, the schedules of final accounts of banking companies are as follows:

  1. Capital
  2. Reserves and Surplus
  3. Deposits
  4. Borrowings
  5. Other Liabilities and provisions
  6. Cash and Balances
  7. Balances with Banks and Money at Call and Short notice
  8. Investments
  9. Advances
  10. Fixed Assets
  11. Other Assets
  12. Contingent Liabilities
  13. Interest earned
  14. Other income
  15. Interest Expended
  16. Operating expenses

#SPJ2

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