Here is a compilation of top four accounting problems on accounts of banking companies with its relevant solutions. Illustration 1: From the following information, prepare the Profit and Loss Account of South Indian Bank as on 31st March, 2004: Illustration 2: The following Trial Balance was extracted from the books of the United Bank of […]
Accounts of Banking Companies | India | Accounting
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Specimen of Profit and Loss Account | India | Banking Companies
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Banking companies are required to prepare their Profit and Loss Account according to Form B in the Third Schedule. Form B is in a summary form and the details of various items are given in the Schedules. Form B is given below:
Management of a Banking Company | India | Accounting
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In this article we will discuss about the management of a banking company in India. A banking company must have a whole-time chairman appointed for five years at a time. He may become a director of a subsidiary of the banking company or of a guarantee company registered under Section 25 of the Companies Act […]