TYBBI – FRA (ASSIGNMENT)

Q. 1 From the Following balances, prepare Profit and Loss Account of Akash Bank Ltd.
for the year ended 31st March 2017.
Particulars Amount Particulars Amount
Interest of Loan 6,21,600 Interest on Fixed Deposit 6,60,000
Commission Received 19,680 Salaries and Allowances 1,29,600
Discount on Bill Discounted 1,00,800 Interest on Cash Credit 5,35,200
Interest on Current 5,04,000 Rent and Taxes 43,200
Account(Cr) 3,69,600 Directors Fees 10,080
Interest on Overdraft 1,63,200 Postage and Telegrams 10,320
Interest on Saving Bank 2,400 Transfer Fees 1,680
Accounts 4,080
Locker Rent 12,000
Sundry Charges
Depreciation on Bank property

Other Information:
(a) Rebate on Bills Discounted ₹22,800.
(b) Bad Debts ₹96,000 and
(c) Provision for Tax ₹3,60,000.

Q. 2 From the Following Particulars, prepare the final Account of HDFL Bank Ltd.
Trial Balance as on 31st March, 2014
Particular Dr. (₹) Cr.(₹)
Share Capital:
1,00,000 shares of ₹10 each; ₹5 paid up 5,00,000
Reserve Fund 10,00,000
Fixed Deposits 20,00,000
Saving Bank Deposits 30,00,000
Current Accounts 70,00,000
Borrowed from Bank 2,00,000
Investment 30,00,000
Premises 12,00,000
Cash in Hand 60,000
Cash at Bank 28,00,000
Money-at-Call & short notice 3,00,000
Interest accrued and paid 2,00,000
Salaries 80,000
Rent 30,000
Profit and Loss Account(1.04.13) 1,60,000
Net Profit for the year 4,50,000
 Bill Discounted 5,00,000
Bills Payable 8,00,000
Loans, Advances Overdrafts and cash credit 70,00,000
Unclaimed Dividend 30,000
Sundry Creditors 30,000
The Bank has the bills for ₹14,00,000 as collection for its constituents and also acceptance
and endorsement for them amounting to ₹4,00,000.

Q. 3 From the following information, calculate the provision to be made against the
advances for NPA as on 31/03/2010.
Particulars CC OD Term Loan Bills
Discounted
Standard 60 40 100 20
Sub-standard 10 05 15 --
Doubtful:
Up to 1 year 10 -- 10 --
1-3 years 12 -- 20 --
Above 3 years 13 -- 40 --
Loss Assets 15 -- -- --
120 45 185 20
Doubtful assets are secured to the extent of 50% of the amount due.

Q. 4 From the following information as on 31st March, 2017. Prepare the Revenue Account
of the Indira Fire Insurance Co. Ltd.
Particulars Direct Business Re-insurance
(₹) (₹)
Premium: 17,50,000 2,50,000
Received 72,500 12,500
Receivable 01-04-2016 68,000 16,000
Receivable 31-03-2017 -- 1,05,000
Paid -- 12,500
Payable 01-04-2016 -- 16,000
Payable 31-03-2017

Claims:
Paid 9,67,500 1,50,000
Payable 01-04-2016 58,000 17,500
Payable 31-03-2017 99,000 21,000
Received -- 85,000
Receivable 01-04-2016 -- 4,000
Receivable 31-03-2017 -- 6,500
 Commission:
On Insurance Accepted 97,500 7,500
On Reinsurance Ceded -- 10,500
Particular Amount
Salaries 1,25,000
Rent, Rates and Taxes 6,000
Postage and Telegram 17,000
Printing and Stationery 78,000
Legal expenses 17,500
Other Information: Balance of Fund on 1st April, ₹7,50,300.

Q. 5 From the Following Figures taken from the Books of New Horizon Insurance
Company, Prepare Revenue account for the Marine Department, in vertical form for the
year ended 31st March, 2014.
Particular’s ₹
Marine Fund as on 1-4-2013 9,30,000
Claims Paid 5,03,745
Claims intimated but not paid on 1-4-13 40,000
Additional Reserve 3,30,000
Commission on Reinsurance Accepted 60,000
Premium 28,09,400
Commission on Direct Business 2,77,999
Expenses of Management 3,41,860
Reinsurance Premium (Debit) 1,13,255
Commission on Reinsurance ceded 58,000
Additional Information:
(1) Expenses of Management include survey fees and Legal Fees of ₹36,000 and ₹20,000
respectively relating to claims.
(2) Claims intimated but not paid on 31-03-2-14 Rs.1,00,000.