Case 2

Following are the balances of Bank Sohar for the year ended as on 31st December 2019 (Amounts are in 000 OMR)

	PARTICULARS	OMR
Term loans		7,600
Cash with Central Bank of Oman		20,000
General Reserve		12,400
Share capital		8,000
Non-Banking assets		672
Land and building		2,328
Borrowings from other banks		9,500
Rebate on bills discounted		100
Notes payable		260
Cash credit and Bank overdraft		102,000
Cash with other banks		12,000
Cash in hand		760
Vehicles		5,900
Surplus transferred from income statement		3,790
Corporate securities		50,000
Money at call and short notice		3,600
Current account		84,400
Savings deposits		85,200

Other Adjustments:

i. Vehicles was depreciated @ 10%

ii. Additional general reserve was created for RO 620

From the above information Prepare Balance sheet and based on that information answer the following 3 multiple choice questions (Do not upload Income Statement in moodle).

The total of deposits as per the balance sheet will be: O a. RO 196,600,000 O b. RO 169,600,000 O c. RO 269,600,000 d. RO 166,900,000 The total of fixed assets as per the balance sheet will be: a. RO 7,383,000 b. RO 7,368,000 O c. RO 7,683,000 O d. RO 7,638,000 Rebate on bills discounted will be recorded in the preparation of balance sheet under: a. Note 6 - Other liabilities O b. Note 4 - Borrowings with other banks - O c. Note 2 - Reserves and surplus - d. Note 7 - Balance with other banks