Prepare a comparative balance sheet and discuss the operational performance of the Bank.

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter1: Accounting And The Financial Statements
Section: Chapter Questions
Problem 51E: Exercise 1-51 Relationships Among the Financial Statements Zachary Corporations December 31, 2018...
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Question 1

The following are the balance sheets of Kamanga Invest-trust Bank Ltd., for the years

2017 and 2018 as on 31st March. Prepare a comparative balance sheet and discuss the operational performance of the Bank.                             

Balance Sheet of Kamanga Invest-trust Bank Ltd Bank Limited:  As on 31st March

Liabilities

2017

2018

Assets

2017

2018

Capital

Reserve and Surplus

Deposits

Borrowings:

 

Other Liabilities

Provisions

2,845

 

3,966,009

40,845,783

 

 

727,671

1,674,165

2,845

 

4,765,406

44,042,730

 

 

284,690

1,799,197

Cash and balance with Zanco

 

 

 

 

 

Balance with banks and money at call and short notice

 

Investments

 

Advances

 

Fixed assets

 

Other assets

      2,706,808

 

 

 

 

 

 

      1,136,781

    21,421,060

    19,599,764

         493,996

      1,858,064

               2,237,601

 

 

 

 

 

 

       1,607,975

     23,537,098

     21,129,869

               536,442

       1,835,883

 

 

47,216,473

 

50,894, 868

 

    47,216,473

     50,894,868

 

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