Answer to Question #103623 in Accounting for Sneha

Question

Interestvon cash credit_600000
Discount on bills-450000
Office expenses240000
Rebate on bills discounted46000
Rent -140000
Directors remuneration90000
Amount charged against current acc-70000
Interest on deposits640000
Printing and stationary16000
Commission brokerage180000
Adjustments to be made:
Rebate on bills discounted58000
Provision required for bad debts40000
Prepare profit and loss accountin acconts of banking companies based on corporate accounting

Answer 1

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