Form the following information, prepare P & L A/c of Poone Bank Ltd. for the year ended on 31 December 2010.
|
(Rs. in ’000) |
|
|
Interest on Loans |
5,180 |
|
Interest on Fixed Deposits |
5,500 |
|
Relate on Bills Discounted |
980 |
|
Commission |
164 |
|
Establishment |
1,080 |
|
Discount on Bills Discounted (Net) |
2,920 |
|
Interest on Cash Credits |
4,460 |
|
Interest on Current Accounts |
840 |
|
Rent and Taxes |
360 |
|
Interest on Overdrafts |
3,080 |
|
Director’s Fees |
60 |
|
Auditor’s Fees |
24 |
|
Interest on Saving Bank Deposits |
1,360 |
|
Postage & Phone |
28 |
|
Printing & Stationery |
58 |
|
Sundry Charges |
34 |
Bad debts to be written off amounted to Rs.8,00,000. Provision for taxation may be made @ 55%.