Format of Balance sheet

Balance sheet as on 31​st​ march _________________(year)

Schedule Amt
No.
Capital and Liabilities
Capital 1
Reserve and Surplus 2
Deposits 3
Borrowing 4
Other Liabilities 5

Total

Assets
Cash and Balance with Reserve and Bank of India 6
Balance with the Bank and Money at call and Short notice 7
Investment 8
Advances 9
Fixed Assets 10
Other Assets 11
Total
Contingent Liabilities 12
Bills For Collection

Profit and Loss Account for the year ended 31​st​ march __________________

Schedule Amt
no.
Income
Interest earned 13
Other Income 14
Total
Expenditure
Interest expended 15
Operating expenses 16
Provision and contingencies
Total
Profit and loss (Total Income- Total expense )
Net profit/Loss(-) for the year
Profit and Loss (-) brought forward
Total
Appropriations
Transfer of statuary Reserve
Transfer of other Reserve/Government /proposed Dividend
Balance Carried Forward over to balance sheet

Notes to Accounts of Balance sheet

Particulars Amount Amount

1) Capital
Share capital XX

2) Reserve and Surplus

XX
Statuary Reserve XX
Capital Reserve XX
Share premium XX
Revenue Reserve XX XX
Balance in Profit and Loss Account

3) Deposit XX
XX
Saving Account Deposit
XX
Current Account Deposit XX
Fixed Deposit XX
Recurring Deposit Account
XX
XX
4) Borrowings XX
XX
Reserve Bank of India XX
Other Bank XX
Other Financial Institution XX
XX
5) Other Liabilities XX xx
Bills Payable
Interest accrued
O/S Expenses XX
Inter-office Adjustment “Cr” XX XX
6)​ ​Cash and Balance with Reserve and Bank of India
Cash in hand (including Foreign Currency)
​ Balance with RBI XX
​I​n Current Account XX
Other Accounts XX XX
XX
7) Balance with the Bank and Money at call and Short notice
Balance in current Account XX
Other deposit Account XX
Money at short notice to any bank XX
Money at short notice to any Financial Institution XX XX

8) Investment XX
Government Securities XX
Other Approval Securities XX
XX
Shares
XX
Debentures XX
XX
XX
9) Advances XX
Term Loan XX
Personal Loan XX
XX
Business Loan
XX
Bills Purchase and Discount
Unsecured Loan XX
Advance to other banks XX
Advance to any Financial Institution XX
XX
XX
​ 10) Fixed Assets
Premises
Plant & Machinery XX
Furniture XX XX

11) Other Assets

Interest Receivable XX
Stock of Stationery XX XX
Inter-office Adjustment (Dr)
Xx
XX
 12)Contingent Liabilitie​s XX XX
Claim against the bank
Liability for partly paid Investment XX
XX
13) Interest Earned XX XX
Interest / Discount on Advance Bills
Interest on Loans
Interest on Investment Xx
XX
14) Other Income XX
XX
Commission, Brokerage and Exchange XX
Profit on sale of Investment XX
Miscellaneous Income
XX
XX
15) Interest Expended
XX XX
Interest on Deposits
Interest on Reserve Bank of India
Interest on Inter—state Borrowings

16) Operating Expenses

Rent, Taxes and Lighting

Printing and Stationery
Advertisement and publicity
Deprecation on Banks Property
Directors Fees
Auditors fees
Repairs and Maintenance
Insurance
Other Expenditure

Q.1)Prepare the Profit and Loss Account of Glory Bank Ltd. for the year ended 31/3/2012 from the
following details.

Particulars ●
 Interest on Loan ​13 3,49,000
Interest on fixed deposits ​15 3,65,000
Rebate on Bills Discounted as on 31/3/2012 Discount ​- 13 48,000
Commission ​14 9,100
Salaries ​16 1,55,000
Discount on Bill discounted​ 13 1,94,000
Interest on cash credit ​13 2,24,000
Locker Rent ​14 12,000
Rent and Rates ​16 18,000
Interest on overdrafts ​13 1,28,000
Directors Fees ​ 16 2,000
Auditors Fees ​ 16 2,200
Interest on saving Account ​15 69,000
Postage and Telegram ​16 1,500
Printing and Stationary ​16 3,900
Sundry Charges ​14 1,500
Provide 80,000 for taxation. ​-NPBT

Ans:- Profit and Loss Account for the year ended 31​st​ march __________________

Schedule Amt
no.
Income
Interest earned 13 8,47,000
Other Income 14 ​22,600
Total Income 8,69,600
Expenditure
Interest expended 15 4,34,000
Operating expenses 16 1,82,600
Provision and contingencies NIL

Total Expenses 6,16,600

Profit and loss (Total Income- Total expense ) ​ 2,53,000
Net profit/Loss(-) for the year Nil
Profit and Loss (-) brought forward 2,53,000
- Direct Tax 80,000
1,73,000
Total profit for the year
Appropriations (43,250)
Transfer of statuary Reserve (25% profit ) 1,29,750
Balance Carried Forward over to balance sheet

Schedule – Notes Accounts

Particulars Amount Amount

13)​Interest earned
Interest on Loan 3,49,000
Discount on Bill discounted​ ​1,94,000
-​ Rebate on Bills Discounted ​-48,000 1,46,000
Interest on cash credit 2,24,000
Interest on Overdraft 1,28,000 8,47,000

14) ​Other Income

Commission 9,100
Locker Rent 12,000
Sundry Charges 1,500 ​22,600

15)​Interest Expended
I​nterest on Fixed Deposit 3,65,000
Interest on saving Account 69,000 ​4,34,000

16​)operating Expenses
Salaries 1,55,000
Rent and Taxes 18,000
Director Fees 2000
Auditor Fees 2200
Postage and Telegram 1500
Printing and Stationery 3900 ​1,82,600

Q.2) From the following Balance of State Bank Ltd. Thane on 31-3-2013. Prepare profit and loss
account for the year ended 31-3-2013 and balance sheet as on that date.
Particulars Debit Credit
Equity Share Capital of 100 each
50 paid up ----- 8,00,000
Profit and loss account on 1-4-2012 ----- 3,20,000
Current deposit account ----- 27,28,000
Fixed deposit account ----- 31,20,000
Saving account ----- 20,52,000
Directors fees 36,000 -----
Audit fees 8,000 -----
Furniture (cost 8,00,000) 6,96,000 -----
Interest on Discount received ----- 16,80,000
Commission and Exchange ----- 8,00,000
Reserve Fund ----- 2,80,000
Printing and Stationary 32,000 -----
Rent and Taxes 68,000 -----
Salary 5,60,000 -----
Building 18,00,000 -----
Law charges 12,000 -----
Cash- in- hand 1,28,000 -----
Cash with RBI 28,00,000 -----
Cash with other bank 26,00,000 -----
Investment at cost 9,60,000 -----
Loans Cash Credit and Overdraft 24,00,000 -----
Bills Discounted and Purchased 11,20,000 -----
Internet paid 12,00,000 -----
Borrowing form bank ----- 16,00,000
Branch Adjustment Account ----- 10,40,000
Total 1,44,20,000 1,44,20,000
Following additional information is available:-
(i) the bank has accepted on behalf of the customer bills worth 12,00,000.
(ii) Rebate on bills discounted 44,000
(iii) Provide depreciation on building 10% and furniture 5% on cost.
(iv) Provide 12,000 for bad and doubtful debts.