as on that date. Rs. 2 20,00.000 8,00.000 Particulars Equity share capital of Rs. 100 each Rs. 50 paid up (Authorised and Issued 40,000 shares) Profit and Loss A/C (Cr. on 1-4-2014) Current Deposit A/C Fixed Deposit A/C Saving Bank A/C Director's fees Audit fees Furniture (Cost Rs. 20,00,000) Interest and discount received Commission and exchange Reserve fund Printing and Stationery Salary (including Manager's Rs. 4,00.000) Building (Cost Rs. 60,00,000) Cash in hand 68,20,000 78,00,000 51,30,000 90,000 20,000 17,40.000 42,00,000 20,00.000 7,00.000 80,000 14,00.000 45,00,000 3,20,000 Cash with RBI 70,00,000 Cash with Other Bank 65,00,000 Law charges 30,000 Investment at cost 24,00,000 Loans, cash credit and overdraft 60,00.000 Bills discounted and purchased 28,00,000 Interest paid 30,00.000 Borrowing from Laxmi Bank Ltd. 40,00.000 Branch Adjustment A/c(Cr.) 26,00,000 Rent and Taxes 1,70,000 Following additional information is available: 1) The Bank has accepted on behalf of the customers bills worth Rs. 30,00,000 against the securities or Rs. 38,00,000 lodged with the Bank 2) Rebate on bills discounted to Rs. 1,10,000 3) Provide depreciation on building by 10% and on furniture by 5% on cost. 4) Provide Rs. 30,000 for bad and doubtful debts