Answered step by step
Verified Expert Solution
Link Copied!

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.

  1. 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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting A Practical Approach

Authors: Jeffrey Slater, Debra Good

14th Canadian Edition

0135222419, 978-0135222416

More Books

Students also viewed these Accounting questions