Schedule 1: FORM B :- FORM OF PROFIT AND LOSS ACCOUNT

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FORM B :- FORM OF PROFIT AND LOSS ACCOUNT

Profit and loss account for the year ended

Expenditure

Income

 Rs. P.

 Rs. P.

 Rs. P.

 Rs. P.

1. Interest on deposits, borrowings, etc

1. Interest and discount

2. Salaries and allowances and provident fund

3. Director’s and local committee member’s fees and allowances

4. Rent, taxes, insurance, lighting, etc

5. Law charges

6. Postage, telegrams and telephone charges

7. Auditor’s fees

8. Depreciation on and repairs to property

9. Stationery, printing and advertisement, etc

10. Loss from sale of or dealing with no banking assets

11. Other expenditure

12. Balance of profit

Total

 ___________

___________

2. Commission, exchange and brokerage

3. Subsidies and donations

4. Income from non-banking assets and profit from sale of or dealing with such assets

5. Other receipts

6. Loss (if any)

Total

 ___________

____________

General instructions : The corresponding figures (to the nearest rupees, if so desired) for the year immediately preceding the year to which the profit and loss account relates should be shown in separate columns.

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