Q25 From the balance of Arwa Bank calculate the total amount to be shown in the balance sheet under the following heads:ParticularsOMRParticularsOMRTerm loan10,000Bills payable20,000Sundry creditors25,000Cash credit15,000Bank overdraft13,000Non-banking asset6,000Rebate on bills discounted25,000Unclaimed dividend5.000Prepaid expenses7,000Tax paid in advance2,000Provisions and contingencies 55.000Accrued income1,000Loans & Advances Loans & AdvancesOther liabilities and provisionsOther Assets

Banking Balance Sheet In banking deposit which are received form customer is treated as liability…

om the balance of Arwa Bank calculate the total amount to be shown in the balance sheet under the following hea articulars OMR Particulars OMR rm loan 10,000 Bills payable 20,000 undry creditors 25.000 Cash credit 15,000

om the balance of Arwa Bank calculate the total amount to be shown in the balance sheet under the following hea articulars OMR Particulars OMR rm loan 10,000 Bills payable 20,000 undry creditors 25.000 Cash credit 15,000

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 2PB: To demonstrate the difference between cash account activity and accrual basis profits (net income),...

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