From the following ledger balances of Overseas Bank Ltd. prepare P & L A/c:
|
(Rs. in ’000) |
|
|
Interest Paid on Deposits |
16,052 |
|
Commissions Exchange & Brokerage |
4,424 |
|
Interest Received |
53,226 |
|
Discount on Bills Discounted |
24,376 |
|
Salary & Provident Fund |
4,000 |
|
Profit on Sale of Fixed Assets |
3,000 |
|
Printing & Stationery |
1,000 |
|
Postage & Telephones |
2,000 |
Note: Provide for taxation: Rs.20,00,000; rebate on bills discounted: Rs.14,38,000.