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The Profit Bank had a terrible explosion at Data-Center of the bank. So, the whole network is broken down because of this catastrophic event.
The Profit Bank had a terrible explosion at Data-Center of the bank. So, the whole network is broken down because of this catastrophic event. Unfortunately, the management has found out that there was no proper back-up system existing so there is only one solution left which is constructing balance sheet manually Following are the data provided by accounting department. Please construct the balance sheet and show Total Assets and Total Liabilities in T-account format as we worked on the case study during the lectures. Accounts balances are as follows: BORROWINGS FROM OTHER BANKS 100 OWNERS EQUITY 350 LOANS COMMERCIAL 220 BANK'S SECURITY PORTFOLIO 250 OTHER LIABILITIES 60 LOANS INDIVIDUAL 150 CASH & DUE FROM BANKS 100 FIXED ASSETS 210 CREDIT CARD RECEIVABLES 50 DEPOSITS 450 OTHER ASSETS 70 SECURITIES ISSUED BY THE BANK 90
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