Question

number of schedules forming part of a balance sheet of bank are​

Answer 1

Explanation:

FINAL ACCOUNTS The Banking Regulation act, 1949 prescribes formats of preparing final accounts of the Banking companies. The third schedule of section 29 gives forms 'A' for the balance sheet and Form 'B' for Profit and loss account. The balance sheet consists of total 12 schedulesThe balance sheet includes assets and liabilities & owner's equity. The total assets are equal to the total liabilities and owner's equity. So Assets = Liabilities + Owner's Equity. In brief A= L + OE.