The following are the balances stood in the books of Middle East Bank Limited for Year 2020. OMR OMR ('000) 42,600 19,000 ('000) Fixed Deposits Savings Deposits Drafts Payable Unclaimed Dividends Rebate Discounted Short borrowings Furniture and Fixture 70 60 on Bills Current Accounts Money at call and short notice Government Securities Other Investments Profit for the year Premises (after depreciation) Cash in hand Cash with other banks Loans, Cash Credits, Overdrafts 23,200 50 1,800 9,000 16,000 4,750 1,164 Other Assets 336 Share Capital Statutory Reserve Cash with Central Bank Bills Discounted 2,190 4,000 6,200 10,000 3,800 2,950 380 6,000 51,000 You are required to prepare the Balance Sheet of the Bank as on 31 Dec.2020 by providing an additional statutory reserve of OMR 310
The following are the balances stood in the books of Middle East Bank Limited for Year 2020. OMR OMR ('000) 42,600 19,000 ('000) Fixed Deposits Savings Deposits Drafts Payable Unclaimed Dividends Rebate Discounted Short borrowings Furniture and Fixture 70 60 on Bills Current Accounts Money at call and short notice Government Securities Other Investments Profit for the year Premises (after depreciation) Cash in hand Cash with other banks Loans, Cash Credits, Overdrafts 23,200 50 1,800 9,000 16,000 4,750 1,164 Other Assets 336 Share Capital Statutory Reserve Cash with Central Bank Bills Discounted 2,190 4,000 6,200 10,000 3,800 2,950 380 6,000 51,000 You are required to prepare the Balance Sheet of the Bank as on 31 Dec.2020 by providing an additional statutory reserve of OMR 310
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:The following are the balances stood in the books of Middle East Bank Limited for Year 2020.
OMR
OMR
('000)
Fixed Deposits
('000)
70
Drafts Payable
42,600
19,000
Savings Deposits
Unclaimed Dividends
60
Rebate
Discounted
Bills
50
on
Current Accounts
23,200
Money at call and short notice
Government Securities
Short borrowings
Furniture and Fixture
4,750
1,164
1,800
9,000
16,000
2,190
Other Investments
Other Assets
336
Profit for the year
Premises (after depreciation)
Cash in hand
Share Capital
Statutory Reserve
Cash with Central Bank
4,000
2,950
6,200
380
10,000
3,800
Cash with other banks
6,000
51,000
Bills Discounted
Loans, Cash Credits, Overdrafts
You are required to prepare the Balance Sheet of the Bank as on 31* Dec.2020 by providing
an additional statutory reserve of OMR 310
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