Answered step by step
Verified Expert Solution
Question
1 Approved Answer
QUESTION THREE a) Asetsenapa Commercial Bank is one of the clients of your firm. During your visit at the end of 2018 financial year, the
QUESTION THREE a) Asetsenapa Commercial Bank is one of the clients of your firm. During your visit at the end of 2018 financial year, the following information relating to bank was given to you. GH Stated Capital 1,465,000 Loans to customers 700.000 Savings and deposits 500,000 Commission and Fees 70,000 Other Operating Expense 190,000 Balance with Bank of Ghana 150,000 National Stabilization levy 40,000 Overdrafts 100,000 Treasury Bills 385,000 Investment and security Other operating income Non-current Asset Income tax Interest on loan to customers Interest on savings and deposit Interest on Overdraft Depreciation charged for the year Accumulated depreciation 200,000 160,000 500,000 35,000 175,000 85,000 10,000 15,000 20,000 ou are required to prepare the following 1 Trial balance for Asetsesapa Commercial Bank Ltd for the year ended 31" December, 2018 [9 marks] Page 5 of 6 Income and expenditure for the year ended 31 December, 2018 Statement of financial Position as at 31 December, 2018 16 marks) 15 marks)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started