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The following is the trail balance of Gulf Bank at 31/12/2022, No Name of the account Debit BD millions Credit BD millions 1 Cash and

The following is the trail balance of Gulf Bank at 31/12/2022,

No

Name of the account

Debit

BD millions

Credit

BD millions

1

Cash and the balances at the central bank

343.7

2

Other operating expenses

11.2

3

Treasury bills

468.7

4

Placement with the bank and other financial institutions

295

5

Loan and advances

2975.5

6

Investments securities

1258.6

7

Investment in associates

25

8

Interest receivable and other assets

93.5

9

Property and equipment

85

10

Goodwill and other intangible assets

45.5

11

Due to the banks and other financial institutions

650

12

Borrowing under repurchase agreements

120

13

Customer deposits

3284.2

14

Share capital

1418.7

15

Share premium

11.4

16

Interest income

173.3

17

Interest expenses

37.8

18

Net fees and commission income

24.8

19

Other income

20.6

20

Staff expenses

38.5

21

Depreciation, amortization, and equipment expenses

25

TOTAL

5703

5703

Requirements:

Prepare the income statement and balance sheet of Gulf Bank on 31/12/2022?

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