Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Requirements: Net Interest Income of the Bank Net Profit of the Bank Amount of Equity Amount Kept for SLR Total Amount of Assets Total Amount

image text in transcribed

Requirements:

  1. Net Interest Income of the Bank
  2. Net Profit of the Bank
  3. Amount of Equity
  4. Amount Kept for SLR
  5. Total Amount of Assets
  6. Total Amount of Liabilities and Equity.

Everything should be done based on the information of Bangladesh

4. The following ledger balances are collected from the accounts of Shapla Bank Ltd. for the financial year of 2018. 10 Particulars Paid up capital Interest & Discount Received... Share Premium A/C.... Balance with B.B.. Commission, Exchange & Brokerage Received. Locker Services and other charges Balance with other banks...... Interest paid on deposits...... Money at call & short notice... Savings Bank Deposit...... Rent, Rates & Insurance...... Current Deposits. Fixed Deposits. Treasury Bills. Cash in hand Taka Particulars 150,000 Salaries & Allowances....... 425,000 Bills discounted & purchased... 50,000 Postage, Telegram, etc..... 725,000 Issued of D.D, P.O, etc...... Govt. Securities.. 1,50,000 Directors Fees.. 25,000 Prepaid Rent and Insurance..... 2,75,000 | Auditors' Fees 1,80,000 Bank Premises 1,25,000 Unclaimed Dividend.... 10,50,000 Depreciation.... 12,500 Stationery, Printing 22,50,000 Loans, Cash Credit and Overdraft... 30,00,000 Interest accrued on investment... 1,82,500 Dividend paid.. 41,000 Profit and Loss A/C (Cr.) Reserve Fund... Taka 1,37,500 4,25,000 32,500 3,50,000 11,50,000 14,000 62,500 6,000 8,25,000 17,500 25,000 67,000 32,49,000 12,500 3,000 32,500 50,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance

Authors: Harvey Rosen, Ted Gayer

8th Edition

0073511285, 9780073511283

More Books

Students also viewed these Finance questions