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3.You are the Accounting Manager of Dhofar Bank, Prepare and create the Final Account (Balance Sheet Statement) from the below information on 31 March 2016.
3.You are the Accounting Manager of Dhofar Bank, Prepare and create the Final Account (Balance Sheet Statement) from the below information on 31 March 2016. (Prepared Schedules) Particulars RO Particulars Share Capital 2,000,000 Investment in Government Securities Profit balance of last year 300,000 Land RO 1.500,000 2,190,000 Page 6 of 7 Cash credit and overdraft Term loans Bills purchased and discounted Current deposits Savings bank deposits Fixed deposits Cash in hand Calls in arrear Cash with Central Bank Moncy at call and short notice 3,000,000 Building 4,000,000 Interest accrued on loans 1.000.000 Stamps and stationery 2,000,000 Rebate on bills discounted 3,200,000 General Reserve 5,000,000 Statutory Reserve 1,327,000 Profit of current year before appropriation 30,000 Borrowing from banks 600,000 Unclaimed dividend 800,000 Balance with banks Bills payable 200.000 200,000 3.000 20.000 70,000 800.000 800,000 450,000 10,000 600.000 800,000 Notes: 1. Claims against the bank not acknowledged OMR 50.000 2. The bank's acceptance on behalf of customers amounts to OMR 50,000 3. Bills for collection amounts to OMR 100,000 3.You are the Accounting Manager of Dhofar Bank, Prepare and create the Final Account (Balance Sheet Statement) from the below information on 31 March 2016. (Prepared Schedules) Particulars RO Particulars Share Capital 2,000,000 Investment in Government Securities Profit balance of last year 300,000 Land RO 1.500,000 2,190,000 Page 6 of 7 Cash credit and overdraft Term loans Bills purchased and discounted Current deposits Savings bank deposits Fixed deposits Cash in hand Calls in arrear Cash with Central Bank Moncy at call and short notice 3,000,000 Building 4,000,000 Interest accrued on loans 1.000.000 Stamps and stationery 2,000,000 Rebate on bills discounted 3,200,000 General Reserve 5,000,000 Statutory Reserve 1,327,000 Profit of current year before appropriation 30,000 Borrowing from banks 600,000 Unclaimed dividend 800,000 Balance with banks Bills payable 200.000 200,000 3.000 20.000 70,000 800.000 800,000 450,000 10,000 600.000 800,000 Notes: 1. Claims against the bank not acknowledged OMR 50.000 2. The bank's acceptance on behalf of customers amounts to OMR 50,000 3. Bills for collection amounts to OMR 100,000
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