Balance Jerabilise said lother ha asset Lability routstand) Exercise No. (7): From the following ledger balances of Nizwa Bank as on 31st Dec.2016, prepare income statement and Balance Sheet OMR OMR ('000) ('000) Fixed Deposit 3 3,250 Share Capital 2,500 Savings Deposit 3 17,750 Statutory Reserves 2 1,500 Current Accounts 3 38,750 Profit (previous year) 2 100 Money at call and short notice 7 2,400 Bills Payable 5 4,000 Investments 8 15,500 Sundry Creditors 5 250 Interest accrued 5 1,000 General reserve 2 700 General Expenses 16 50 Borrowed from other banks 4,800 Dividend 14 250 Non-Banking assets | 1,200 250 Cash in hand 750 Interest and Discount ? 3,250 Premises 6,500 Unclaimed Dividends 5 50 Cash at Central Bank 6 7,050 Loans, Overdrafts 35,000 Cash at Other Banks 7 5,200 Payment to Employees 16 400 3 Bills Discounted and Deposits from other banks 1,000 Purchased 2,500 Rent, taxes 10 100 25 q Additional Information: a. Rebate on bills discounted to OMR 25 Note 5 325 b. Allow 5% depreciation on Premises on cost. 650 X5 C. Provide OMR 250 for provision for doubtful debts - Non- 6500-32556175 Banking assets Balance Jerabilise said lother ha asset Lability routstand) Exercise No. (7): From the following ledger balances of Nizwa Bank as on 31st Dec.2016, prepare income statement and Balance Sheet OMR OMR ('000) ('000) Fixed Deposit 3 3,250 Share Capital 2,500 Savings Deposit 3 17,750 Statutory Reserves 2 1,500 Current Accounts 3 38,750 Profit (previous year) 2 100 Money at call and short notice 7 2,400 Bills Payable 5 4,000 Investments 8 15,500 Sundry Creditors 5 250 Interest accrued 5 1,000 General reserve 2 700 General Expenses 16 50 Borrowed from other banks 4,800 Dividend 14 250 Non-Banking assets | 1,200 250 Cash in hand 750 Interest and Discount ? 3,250 Premises 6,500 Unclaimed Dividends 5 50 Cash at Central Bank 6 7,050 Loans, Overdrafts 35,000 Cash at Other Banks 7 5,200 Payment to Employees 16 400 3 Bills Discounted and Deposits from other banks 1,000 Purchased 2,500 Rent, taxes 10 100 25 q Additional Information: a. Rebate on bills discounted to OMR 25 Note 5 325 b. Allow 5% depreciation on Premises on cost. 650 X5 C. Provide OMR 250 for provision for doubtful debts - Non- 6500-32556175 Banking assets