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1 (B) - Assume that you are an accountant in a AXC Bank. On 31 March, 2020, the following balance stood in the books of
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(B) - Assume that you are an accountant in a AXC Bank. On 31" March, 2020, the following balance stood in the books of AXC bank. From the given data below prepare balance sheet statement. Particulars OMR Particulars OMR Page 2 of 2 Share capital Reserve fund Investments Cash with other banks Cash with central bank Fixed deposit account Savings deposit account Land and building Loans, over draft and cash credit Bills discounted 90,000 10,000 14,000 55,000 23,000 65,000 62,000 85.000 Investments available for sale 8.000 Provision for tax 1,500 Taxation 2,000 Retained earnings 6,500 General reserve 30,000 proposed dividend 5.000 financial derivative positive 12,000 II 75,000 Step by Step Solution
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