Income Transactions
1. Interest Income (Loan + Advance)
Dr. Loan and Advances Interest Income Account 1,824,973.19
Cr. Interest Income Account 1,824,973.19
2. Interest Income (General A/C)
Dr. General Accounts Interest Income Account 15,497,057.35
Cr. Interest Income Account 15,497,057.35
3. Commission Income (Guarantee)
Dr. Commission Income Receivable Account 41,000
Cr. Commission Income Account 41,000
4. Commission Income on PO (Pay Order) PS & SDR
Dr. Commission Income Receivable Account 11,790
Cr. Commission Income Account 11,790
5. Commission Income on IMP/EXP/BG/REMIT/MBS
Dr. Commission Income Receivable Account 52,790
Cr. Commission Income Account 52,790
6. Commission Income on Automated Challan System
Dr. Commission Income Receivable Account 323.81
Cr. Commission Income Account 323.81
7. A/C Statement Charge Income
Dr. Customer Account 7,150
Cr. Statement Charge Income Account 7,150
8. A/C Maintenance Fee
Dr. Customer Account 127,695
Cr. Maintenance Fee Income Account 127,695
9. Cheque Book Issue Charge Income
Dr. Customer Account 157,600
Cr. Cheque Book Income Account 157,600
10. A/C Closing Charge Income
Dr. Customer Account 400
Cr. Closing Charge Income Account 400
11. Clearing Return Charge Income
Dr. Customer Account 1,790
Cr. Clearing Charge Income Account 1,790
12. Supervision Charge Income
Dr. Customer Account 58,312.38
Cr. Supervision Charge Income Account 58,312.38
Expense Transactions
1. Interest Paid on Savings Account
Dr. Interest Paid Expense Account 130,252
Cr. Customer Account 130,252
2. Interest Paid on FDR
Dr. Interest Paid Expense Account 377,271
Cr. Customer Account 377,271
3. Interest Paid on MSS
Dr. Interest Paid Expense Account 116,406
Cr. Customer Account 116,406
4. Salaries & Allowances Paid
Dr. Salaries & Allowances Expense Account 4,684,005
Cr. Bank Account 4,684,005
5. Utilities and Rent
o Rates & Taxes Paid:
Dr. Rates & Taxes Expense Account 52,593.75
Cr. Bank Account 52,593.75
o Insurance Expense:
Dr. Insurance Expense Account 72,500.5
Cr. Bank Account 72,500.5
o Rent:
Dr. Rent Expense Account 753,227.25
Cr. Bank Account 753,227.25
Adjustments
1. Unpaid Salaries and Allowances
Dr. Salaries & Allowances Expense Account 5,000
Cr. Salaries Payable Account 5,000
2. Repair Cost on Furniture Incurred
Dr. Repair Expense Account 3,000
Cr. Repair Payable Account 3,000
3. Purchase of Table on Account
Dr. Furniture Account 10,000
Cr. Accounts Payable Account 10,000
4. Prepaid Insurance
Dr. Prepaid Insurance Account 80,000.5
Cr. Insurance Expense Account 80,000.5
5. Depreciation of Equipment & Machineries
Dr. Depreciation Expense Account 2,000
Cr. Accumulated Depreciation Account 2,000
6. Accrued Loan Interest
Dr. Accrued Interest Receivable Account 100,000
Cr. Loan Interest Income Account 100,000