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A Hand Book On Statutory Bank Branch Audit - Rajkumar S. Adukia

ANNEXURE A


FORMAT OF BALANCE SHEET AND PROFIT & LOSS ACCOUNT

 

Sub-section (1) of section 29 of the Banking Regulation Act, 1949 requires every banking company to prepare a balance sheet and a profit and loss account in the forms set out in the Third Schedule to the Act or as near thereto as the circumstances admit.

It has two part A- Balance sheet and Part B Profit and loss account. Format of both is as under

FORM ‘A’

Form of Balance Sheet

 

Balance Sheet of __________________________ (here enter name of the Banking Company)

Balance Sheet as on 31st March (Year)                                                                 (000’s omitted)

 

Schedule

As on 31.3__
(current year)

 

As on 31.3__
(previous year)

Capital & Liabilities

 

 

 

 

Capital

1

 

 

 

Reserves & Surplus

2

 

 

 

Deposits

3

 

 

 

Borrowings

4

 

 

 

Other liabilities and provisions

5

 

 

 

            Total

 

 

 

 

Assets

 

 

 

 

Cash and Balances with Reserve Bank of India

6

 

 

 

Balances with banks and money at call and short notice

7

 

 

 

Investments

8

 

 

 

Advances

9

 

 

 

Fixed Assets

10

 

 

 

Other Assets

11

 

 

 

            Total

 

 

 

 

Contingent Liabilities
Bills for Collection

12

 

 

 

 Schedule I

Capital

 

 

As on 31.3__
(current year)

 

As on 31.3__
(previous year)

I.

For Nationalised Banks
Capital (Fully owned by Central Government)

 

 

 

II.

For Banks Incorporated Outside India
Capital (The amount brought in by banks by way of start-up capital as prescribed by RBI should be shown under this head.)

 

 

 

 

Amount of deposit kept with RBI under section 11(2) of the Banking Regulation Act, 1949

 

 

 

 

            Total

 

 

 

III.

For Other Banks

 

 

 

 

Authorised Capital
(……. shares of Rs…. each)

 

 

 

 

Issued Capital
(…… shares of Rs….. each)

 

 

 

 

Subscribed Capital
(…..shares of Rs….. ..each)

 

 

 

 

Called-up Capital
(……. shares of Rs… each)

 

 

 

 

Less: Calls unpaid

 

 

 

 

Add: Forfeited shares

 

 

 

 

            Total

 

 

 

 Schedule 2

Reserves & Surplus

 

 

As on 31.3__
(current year)

 

As on 31.3__
(previous year)

I.

Statutory Reserves
Opening Balances
Additions during the year
Deductions during the year

 

 

 

II.

Capital Reserves
Opening Balances
Additions during the year
Deductions during the year

 

 

 

III.

Share Premium
Opening Balances
Additions during the year
Deductions during the year

 

 

 

IV.

Revenue and Other Reserves
Opening Balance
Additions during the year
Deductions during the year

 

 

 

V.

Balance in Profit and Loss Account

 

 

 

 

            Total (I, II, III, IV and V)

 

 

 

Schedule 3

Deposits

 

 

 

As on 31.3__
(current year)

 

As on 31.3__
(previous year)

A.

I.

Demand Deposits
(i)         From banks
(ii)        From others

 

 

 

 

II.

Savings Bank Deposits

 

 

 

 

III.

Term Deposits

 

 

 

 

 

(i)         From banks
(ii)        From others

 

 

 

 

 

            Total
            (I, II and III)

 

 

 

B.

 

(i)         Deposits of branches in
            India
(ii)        Deposits of branches
            outside India

 

 

 

 

 

            Total

 

 

 

 

Schedule 4

Borrowings

 

 

As on 31.3__
(current year)

 

As on 31.3__
(previous year)

I.

Borrowings in India
(i)         Reserve Bank of India
(ii)        Other banks
(iii)       Other institutions and agencies

 

 

 

II.

Borrowings outside India

 

 

 

 

            Total (I & II)

 

 

 

Secured borrowings included in I & II above – Rs.

 

Schedule 5

Other Liabilities and Provisions

 

 

As on 31.3__
(current year)

 

As on 31.3__
(previous year)

I.

Bills payable

 

 

 

II.

Inter-office adjustments (net)

 

 

 

III.

Interest accrued

 

 

 

IV.

Others (including provisions)

 

 

 

 

            Total

 

 

 

 

Schedule 6

Cash and Balances with Reserve Bank of India

 

 

As on 31.3__
(current year)

 

As on 31.3__
(previous year)

I.

Cash in hand
(including foreign currency notes)

 

 

 

II.

Balances with Reserve Bank of India

 

 

 

 

(i)         in Current Account

 

 

 

IV.

(ii)        in Other Accounts

 

 

 

 

            Total (I & II)

 

 

 

 

Schedule 7

Balances with Banks and Money at Call & Short Notice

 

 

As on 31.3__
(current year)

 

As on 31.3__
(previous year)

I.

In India

 

 

 

 

(i)         Balances with banks
            (a)        in current accounts
            (b)        in other deposit accounts

 

 

 

 

(ii)        Money at call and short notice
            (a)        with banks
            (b)        with other institutions

 

 

 

 

            Total (i & ii)     

 

 

 

II.

Outside India

 

 

 

 

(i)         in current accounts
(ii)        in other deposit accounts
(iii)       Money at call and short notice

 

 

 

 

            Total

 

 

 

 

            Grand Total (I & II)

 

 

 

 

Schedule 8

Investments

 

 

As on 31.3__
(current year)

 

As on 31.3__
(previous year)

I.

Investments in India in

 

 

 

 

(i)         Government securities
(ii)        Other approved securities
(iii)       Shares
(iv)       Debentures and bonds
(v)        Subsidiaries and/or joint ventures
(vi)       Others (to be specified)

 

 

 

 

            Total