Prepare the P & L a/c of Growth Bank Ltd. For the year ended 31st March 2019 from the following
particulars:
Interest on loans
349000
Interest on fixed deposits 365000
Rebate on bills discounted 48000
Commission charged to customers
9100
Establishment charges
155000
Discount on bills discounted
194000
Interest on cash creditors
224000
Amount charged on current a/c
12000
Rent and taxes
18000
Interest on overdrafts
128000
Directors fees
2000
Auditors fees
2200
Interest saving a/c
69000
Postage and telegram
1500
Printing and stationery
3900
Sundry charges
1800
Provide Rs. 80000 for taxation
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