(Or)
(b) Laxmi Bank Ltd. submits the following details for
preparation of its Profit & Loss Account in Statutory form
as on 31st March, 2016.
Rs.
Interest earned
9,20,000
Interest expended
4,10,000
Other Income
2,50,000
Operating expenses
2,49,000
Provisions & Contingencies
1,50,000
Profit b/f
1,70,000
Prepare Profit & Loss a/c after providing Rs. 1,50,000 fo
other Reserves and Rs. 50,000 for the proposed dividend.
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