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Exercises on Statement of Financial Position (Balance Sheet) Exercises (6) The following are the balances stood in the books of Middle East Bank Limited for
Exercises on Statement of Financial Position (Balance Sheet) Exercises (6) The following are the balances stood in the books of Middle East Bank Limited for Year 2020. Fixed Deposits Savings Deposits OMR ('000) 42.600 19,000 OMR ('000) 70 60 Current Accounts Money at call and short notice Government Securities Other Investments Profit for the year Premises (after depreciation) Cash in hand Cash with other banks Loans, Cash Credits, Overdrafts 23,200 1,800 9,000 16,000 2,190 2,950 380 6,000 51,000 Drafts Payable Unclaimed Dividends Rebate on Bills Discounted Short borrowings Furniture and Fixture Other Assets Share Capital Statutory Reserve Cash with Central Bank Bills Discounted 50 4,750 1,164 336 4,000 6,200 10,000 3,800 You are required to prepare the Balance Sheet of the Bank as on 31 Dec.2020 by providing an additional statutory reserve of OMR 310
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