PROBLEM17 From the following trial balance and the additional information, prepare a balance sheet of Kuber Bank Ltd. as on 31st March, 2010 giving the relevant schedules Debit Balances Credit Balances Cash Credits 1,218.15 Share Capital: Cash in Hand 240.23 29,70,000 Equity Shares of Cash with Reserve Bank of 7 10 each, fully paid-up 297.00 India 67.82 Statutory Reserves 346.50 Cash with other Banks 132.81 Net Profit for the year Money at Call and Short Notice 315.18 (before appropriation) 225.00 Gold 82.84 Profit & Loss Account Government Securities 365.25 (opening balance) 618.00 Current Accounts 42.00 Fixed Deposit Accounts 775.50 Premises 133.55 Savings Deposit Accounts 675.00 Furniture 95.18 Current Accounts 780.18 Term Loans 1,189.32 Bills Payable 0.15 Borrowings from other Banks 165.00 3,882.33 3,882.33 Additional information: (1) Bills for collection : 18,10,000. (ii) Acceptances and endorsements : 714,12,000. (iii) Claims against the bank not acknowledged as debts : ? 55,000. (iv) Depreciation charged on premises : * 1,10,000 and on furniture : +78,000