ID No. Name of the student: 1 Discuses and explain the nature of commercial banks according to the sources of incomes and the ways of the expenditure? 2. From the following information, calculate the amount of Premium received in advance on the beginning of year: Particulars R.O Premium received during the year 65000 Outstanding premium on the end of the year 15,000 Premium received in advance the end of year 10000 Outstanding premium on the beginning of the year 8800 Bonus in reduction of premium to be adjusted 3000 Reinsurance premium of the year 20,000 Credited Premium 80600 3. From the following information relating to Bank Sohar, prepare Income Statement for the year ended 31" December 2012. Show the calculations separately. (PREPARED SHEDULES) Items RO Interest on loans 16000 Interest on cash credits 6560 Insurance 20 License fees 60 Interest on overdrafts 4150 Interest on fixed deposit 1250 Interest on balances with Central bank 650 Interest on savings account 2500 Director's fees 260 Rent Taxes and lighting 360 Discount on bills discounted 4560 Depreciation on machinery 125 Sundry expenses 120 Advertisement and publicity 30 Commission exchange and brokerage 450 Electricity charges 52 Payment to employees Locker rent 75 Transfer fees 50 Interest on borrowings from Central bank 180 960 Additional information: (a) Provide for bad debts RO 45 (b) Rebate on bills discounted RO 20 12 B 4. You are the Accounting Manager of Dhofar Bank, Prepare and create the Final Account Balance Sheet Statement) from the below information on 31 March 2019. Particulars R.O Particulars R.O Subscribed and called up share capital 1,000,000 Investment in Goverment Securities 1,500,000 Profit balance of last year 200,000 Land and buildings 1.000.000 Cash credit and overdraft 3,000,000 Machineries 100,000 Term loans 4,000,000 Interest accried on loans 200,000 Bill purchased and discounted 1,000,000 Stamps and stationery 3,000 Current deposits 2.000.000 Rebate on bills discounted 20.000 Savings bank deposits 3,200,000 General Reserve 70,000 Fixed deposits 5,000,000 Statutory Reserve 800,000 Cash in hand 1,327,000 Profit of current year before appropre 700.000 Calls in arcar 20,000 Borrowing from banks 450,000 Cash with Central Bank 600,000 Unclaimed dividend 10,000 Money at call and short notice 800,000 Balance with banks 600,000 Bills payable 700.000 Notes: 1. Claims against the bank not acknowledged OMR 100,000 2. The bank's acceptance OMR 100,000 3. Bills for collection amounts to OMR 150,000 ID No. Name of the student: 1 Discuses and explain the nature of commercial banks according to the sources of incomes and the ways of the expenditure? 2. From the following information, calculate the amount of Premium received in advance on the beginning of year: Particulars R.O Premium received during the year 65000 Outstanding premium on the end of the year 15,000 Premium received in advance the end of year 10000 Outstanding premium on the beginning of the year 8800 Bonus in reduction of premium to be adjusted 3000 Reinsurance premium of the year 20,000 Credited Premium 80600 3. From the following information relating to Bank Sohar, prepare Income Statement for the year ended 31" December 2012. Show the calculations separately. (PREPARED SHEDULES) Items RO Interest on loans 16000 Interest on cash credits 6560 Insurance 20 License fees 60 Interest on overdrafts 4150 Interest on fixed deposit 1250 Interest on balances with Central bank 650 Interest on savings account 2500 Director's fees 260 Rent Taxes and lighting 360 Discount on bills discounted 4560 Depreciation on machinery 125 Sundry expenses 120 Advertisement and publicity 30 Commission exchange and brokerage 450 Electricity charges 52 Payment to employees Locker rent 75 Transfer fees 50 Interest on borrowings from Central bank 180 960 Additional information: (a) Provide for bad debts RO 45 (b) Rebate on bills discounted RO 20 12 B 4. You are the Accounting Manager of Dhofar Bank, Prepare and create the Final Account Balance Sheet Statement) from the below information on 31 March 2019. Particulars R.O Particulars R.O Subscribed and called up share capital 1,000,000 Investment in Goverment Securities 1,500,000 Profit balance of last year 200,000 Land and buildings 1.000.000 Cash credit and overdraft 3,000,000 Machineries 100,000 Term loans 4,000,000 Interest accried on loans 200,000 Bill purchased and discounted 1,000,000 Stamps and stationery 3,000 Current deposits 2.000.000 Rebate on bills discounted 20.000 Savings bank deposits 3,200,000 General Reserve 70,000 Fixed deposits 5,000,000 Statutory Reserve 800,000 Cash in hand 1,327,000 Profit of current year before appropre 700.000 Calls in arcar 20,000 Borrowing from banks 450,000 Cash with Central Bank 600,000 Unclaimed dividend 10,000 Money at call and short notice 800,000 Balance with banks 600,000 Bills payable 700.000 Notes: 1. Claims against the bank not acknowledged OMR 100,000 2. The bank's acceptance OMR 100,000 3. Bills for collection amounts to OMR 150,000