PROBLEMI 1 From following trial balance and the additional information, prepare a Balance Sheet of Kuber Bank Limited as on 31st March, 2010: Debit Balances Credit Balances Kin lakhs) (in lakhs) Cash Credits 1,218.15 Share Capital Cash in Hand 240.23 (29,70,000 Equity Shares of 297.00 Cash with Reserve Bank of India 67.82 * 10 each, fully paid-up) 346.50 Cash with Other Banks 132.81 Statutory Reserve Money at call and short notice 315.18 Net Profit for the year Gold 82.84 (Before Appropriations) 225.00 Government Securities 365.25 Profit and Loss Account Current Accounts 42.00 618.00 (Opening Balance) Premises 133.55 Fixed Deposit Accounts 775.50 Furniture 95.18 Savings Deposit Accounts 675.00 Term Loans 1,189.32 Current Accounts 780.18 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 : 14,12,000. (iii) Claims against the bank not acknowledged as debts : 55,000. (iv) Depreciation charged on premises : 1,10,000 and Furniture : 78,000