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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
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