Model: Cash reserves and statutory reserves balance sheet From the following information, prepare a balance sheet with necessary schedules of the New India Bank Ltd. as on 31 March …. and ascertain cash reserves and statutory liquid reserves required:

(Rs.in Lakhs)

Share Capital: 6,00,000 Shares of 100 Each

600

Statutory Reserves

690

Net Profit Before Appropriation

450

Profit and Loss Account

1,230

Fixed Deposit Account

1,560

Saving Deposit Account

1,350

Current Accounts

90

1,560

Bills Payable

3

Cash Credit

2,439

Borrowing from Other Banks

330

Cash in Hand

480

Cash with RBI

120

Cash with Other Banks

468

Money at Call and Short Notice

630

Gold

165

Government Securities

330

Premises

468

Furniture

210

Term Loan

2373

7,773

7,773

Additional Information:

Bills for Collection

60,00,000

Acceptances and Endorsements

45,00,000

Claims Against the Bank not Acknowledged as Debits

1,80,000

Depreciation Charges:

Premises

3,00,000

Furniture

2,40,000

50% of the Term Loans Are Secured by Govt. Guarantees 10% of the Cash Credit Is Unsecured Note: Cash reserves required 3% of the total demand and time liabilities and stationary liquidity ratios require 30% of the total demand and time liabilities. Statutory reserves: 20% of the net profit.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Benefits of our college essay writing service

  • 80+ disciplines

    Buy an essay in any subject you find difficult—we’ll have a specialist in it ready

  • 4-hour deadlines

    Ask for help with your most urgent short tasks—we can complete them in 4 hours!

  • Free revision

    Get your paper revised for free if it doesn’t meet your instructions.

  • 24/7 support

    Contact us anytime if you need help with your essay

  • Custom formatting

    APA, MLA, Chicago—we can use any formatting style you need.

  • Plagiarism check

    Get a paper that’s fully original and checked for plagiarism

What the numbers say?

  • 527
    writers active
  • 9.5 out of 10
    current average quality score
  • 98.40%
    of orders delivered on time
error: