From the following trial balance of Iran bank, prepare the balance sheet for the year ended 31/12/2019. (10 marks) Particulars OMR OMR Share capital cr 4,000 Money at call and short notice dr1,600 Reserve fund cr 1,400 Cash in hand dr 1,300 Deposits cr 5,000 Cash at bank dr1,900 Borrowing from NBO cr 1,000 Investments in government securities dr 1,800 Secured loans dr 3,000 Term loan dr 1,000 Plant & Machinery less depreciation dr 1,160 Furniture less depreciation dr 240 Rent dr 10 cr 120

Interest and discount cr 1,600 Commission and brokerage cr 140 Interest paid on deposits dr 600 Salary dr 300 Interest paid on borrowings dr 100 Operating expenses dr 250 Total dr 13,260 cr 13,260 Adjustments: I. Provide OMR 40 for doubtful debts II. Provide OMR 20 for rebate on bills discounted III. Acceptance and endorsements on behalf of customers amounting to OMR 800 IV. Provide OMR 120 for taxes.