(a) The following
information relates to Bank HSBC. Prepare the profit & loss
account for the year ended 31/12/2018. ( 8
mark)
Particulars
OMR
Particulars
OMR
Interest on cash
credit
892,000
Rent received
72,000
Depreciation on bank
property
20,000
Exchange and
commission
32,800
Salaries and
allowances
218,800
Interest on fixed
deposits
1,100,000
Postage
5,600
Interest on savings
bank a/c
272,000
Sundry charges
4,000
Interest on
overdraft
216,000
Director’s and
auditor’s fee
16,800
Discount on bills
discounted
780,000
Printing
8,000
Interest...