Q4. Calculate the profit of a bank by preparing income and expenditure statement.

1. -Assume that you are an accountant in a PNZ Bank. From the following particulars, prepare the profit and loss account of bank PNZ for the year ended 31-03-2020.

Particulars	OMR	Particulars	OMR
Locker rent Discount on bills discounted Director and auditor fee Establishment Expenses Interest on loan Interest on fixed deposit Interest on cash credit Sundry expenses Impairment for credit loss Transfer fee Fee and commission expenses Provision for doubtful debts Decrease in net changes in face value of sale of investment	70,000 2,100,000 50,000 600,000 2,800,000 2,980,000 2,400,000 20,000 2,000 5,000 25,000 300,000 900	Interest on current account Interest on over draft Interest on savings bank account Postage and telegram Printing and stationary Discount on bills discounted Rent and taxes Income tax expenses Depreciation Fee and commission income Profit on exchange difference arising on foreign operation	450,000 600,000 720,000 20,000 30,000 550,000 220,000 35,000 8,000 70,000 500

2. - Assume that you are an accountant in a AXC Bank. On 31^st March, 2020, the following balance stood in the books of AXC bank. From the given data below prepare balance sheet statement.

Particulars	OMR	Particulars	OMR
Share capital Reserve fund Investments Cash with other banks Cash with central bank Fixed deposit account Savings deposit account Land and building Loans, over draft and cash credit Bills discounted	90,000 10,000 14,000 55,000 23,000 65,000 62,000 85,000 75,000	Investments available for sale Provision for tax Taxation Retained earnings General reserve proposed dividend financial derivative positive	8,000 1,500 2,000 6,500 30,000 5,000 12,000