(A)-Assume that you are an accountant in a PNZ Bank. From the following particulars, prepare the profit and loss account of bank PNZ for the year ended 31-03-2020. Particulars OMR Locker rent Discount on bills discounted Director and auditor fee Establishment Expenses Interest on loan Interest on fixed deposit Interest on cash credit Sundry expenses Impairment for credit loss Transfer fee Fee and commission expenses Provision for doubtful debts Decrease in net changes in face value of sale of investment OMR Particulars 70,000 Interest on current account 2,100,000 Interest on over draft 50,000 Interest on savings bank account 600,000 Postage and telegram 2,800,000 Printing and stationary 2,980,000 Discount on bills discounted 2,400,000 Rent and taxes 20,000 Income tax expenses 2,000 Depreciation 5,000 Fee and commission income 25,000 Profit on exchange difference 300,000 arising on foreign operation 450,000 600,000 720,000 20,000 30,000 550,000 220.000 35,000 8,000 70,000 500 900