Question

Ul assets?
UU
Ans. 900 lacs]
14., (Profit & Loss A/e) The for
National Corporation Bank for +
.) The following particulars are made available from the books of
Bank for the year ended on March 31st, 2016. You are required to
oss Account of the bank in prescribed form.
74,000
prepare Prof
repare Profit and Loss Account of the bank in pre
Interest on Deposits Accounts
Discount on Bills Discounted
1,60,000
Interest on Overdrafts
Rent and Taxes.
80,000
Interest on Cash Credits
10,000
Bad Debts to be written off
1,16,000
Int. on Loans
> 15,000
Commission (Cr.)
- 41,24,500
Sundry Charges (Dr.)
5,000
Payments made to employees
65,000
Establishment Charges
25,000
Audit fee
1,000
Director's fee
1,750
Ans. Net Profit : 1,80,950 Transfer to Statutory Reserve : 45,238 Operating exp. * 43,550]
Profit & Loss A/c) From the following particulars, prepare profit & loss account of the G.
Bank Ltd. for the year ending 31st March 2016.
800​

Answer 1

Answer:

what's all this I did not understand.