Format - PREPARATION OF BANKING PROFIT AND LOSS ACCOUNT

  

PREPARATION OF BANKING PROFIT AND LOSS ACCOUNT:

Format for banking Profit and Loss Account

 

Particulars	Schedule No.	Year ended on 31st March (current year) (Amount in Rs.)	Year ended on 31st March (previous year) (Amount in Rs.)
I.Income Interest Earned Other incomes	13 14	xxxxx xxxxx	xxxxx xxxxx
Total (A)		xxxxx	xxxxx
Expenditure Interest Expended Operating Expenses Provisions and Contingencies	15 16 -	xxxxx xxxxx xxxxx	xxxxx xxxxx xxxxx
Total (B)		xxxxx	xxxxx
Profit/Loss A/c Net Profit for the year (A) - (B) = (+) Net loss for the year (A) - (B) = (-) Profit/Loss brought forward (Opening P/L A/c)	– – –	xxxxx xxxxx xxxxx	xxxxx xxxxx xxxxx
Total		xxxxx	xxxxx
Profit/Loss Appropriation A/c Transfer to Statutory Reserves (25% on Net Profits) Transfer to other reserves or funds Transfer to dividends Profit/Loss carry forward (Trans. To Sch:2) (b/f)	–   – – –	xxxxx xxxxx xxxxx xxxxx	xxxxx xxxxx xxxxx xxxxx
Total		xxxxx	xxxxx

SCHEDULED TO BE ANNEXED WITH PROFIT AND LOSS ACCOUNT

Schedule 13: Interest Earned

 

Particulars	Current Year	Preview Year
Interest on cash credit Interest on overdraft Interest on advances and loads Income on investments Interest received on balance with RBI Amount  charged against current account Discount on bills                                                       xxxxx Less: Closing rebate on bills discounted                 xxxxx                                                                                  xxxxx Add: Opening rebate on bills discounted                xxxxx	xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx
Total	xxxxx

 

Schedule 14: Other Incomes

Particulars	Current Year	Previous Year
Commission, Brokerage and Exchange Rent received Transfer fees Locker rent Profit on sales of investments                       xxxxx Less: loss on sale of investments                xxxxx	xxxxx xxxxx xxxxx xxxxx   xxxxx
Total	xxxxx

 

Schedule 15: Interest Expended

Particulars	Current Year	Previous Year
Interest on Savings Bank deposits Interest on current A/c deposits Interest on fixed deposits Interest on recurring deposits Interest on cash certificates Interest on deposits Interest expended or paid	xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx
Total	xxxxx

Schedule 16: Operating Expenses

Particulars	Current Year	Previous Year
Salaries and allowances Rent, rates, insurance lighting and taxes Printing and stationery Postage and telegram Repairs to bank property Depreciation to bank property Directors fees and allowances Audit fees Preliminary expenses written off Establishment expenses Provident fund contribution Local committee fees and allowances Legal charges and law charges Telephone charges Electricity charges Sundry charges (or) sundry expenses	xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx
Total	xxxxx

 

PROVISION AND CONTINGENCIES

Particulars	Current Year	Previous Year
Bad debts Provision for bad and doubtful debts Provision for taxation	xxxxx xxxxx xxxxx
Total	xxxxx