Model: Preparation of trial balance and balance sheetFrom the following particulars of MN Bank Ltd., having its own premises, prepare the balance sheet in the prescribed form as on 31 December 2010.

(Rs. in ’000)

Authorized Capital

20,000

Subscribed Capital:

20,00,000 Shares of Rs.10 Each Rs.5 Paid

10,000

Investments

35,000

Bills Discounted (in India)

75,000

Profit & Loss (Cr.)

4,250

Endorsement on Bills for Collection

500

Liability of Customers for Acceptances

25,000

Money at Call and Short Notice

45,000

Cash in Hand

10,000

Cash with RBI

20,000

Reserve

15,000

Cash with State Bank

20,000

Letters of Credit Issued

2,500

Telegraphic Transfer Payable

4,000

Bonus Drafts Payable

6,000

Short Loans

200

Rebate on Bills Discounted

50

Acceptances for Customers

25,000

Loans and Advances

50,000

Cash/Credits

50,000

verdrafts

5,000

Bills Purchased (Payable Outside India)

5,000

Current and Deposit Accounts

2,80,000

Investment Fluctuation Fund

500

Bills for Collection

500

Note: Prepare a trial balance and determine the balancing figure which constitutes the value of premises.