Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Assume that you are an accountant in a AXC Bank. On 31 st March, 2020, the following balance stood in the books of AXC bank.
- Assume that you are an accountant in a AXC Bank. On 31st 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 |
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
75,000 | Investments available for sale Provision for tax Taxation Retained earnings General reserve proposed dividend financial derivative positive
| 8,000 1,500 2,000 6,500 30,000 5,000 12,000
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started