Saddam Mcb

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    WAQAS KHALID KHURRAM WAHEED

    SADDAM RAFAY

    BILAL NASER MISBAH JAMEEL

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    NAEEM KHALID

    85-EAST,kamran centre,f-block,blue area ISLAMBAD. Telephone 051-2802314

    Mobile 0333-5104524 [email protected] Designation vice president

    mailto:[email protected]:[email protected]
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    EXIST IN 5 JULY, 1947 462 BILLION OF DEPOSIT

    32 BILLION PROFIT

    1,130 BRANCHES 600 ATM MACHINES

    Awards by Euromoney, MMT, Asia Money,SAFA (SAARC), The Asset and The Asian

    Banker. Total assets of 605 BILLION

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    Accounting is the art of, classifying and

    summarizing in a significant manner. And in terms of

    money, transaction and events which are, in part of at

    least, of a financial character, and interpreting resultthereof.

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    A source document is the documentwhich is made for recording theclinical and as well as accounting data

    in it for preparation of journal. Thedata is usually entered in the casereport form.

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    The book in which transactions are first to berecorded chronologically together with its short

    description is called journal. It is also called book of

    original entry or primary entry or preliminaryentry.

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    The book in which all the transactions of the

    business concern are finally recorded in the

    concerned accounts in a summarized and classified

    form is called ledger.

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    An informal accounting schedule or statement that

    lists the ledger account balances at a point in time andcompares the total

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    At the end of accounting period when final accounts

    prepared, some items of revenue and expenses require

    adjustment e.g. outstanding expenses, prepaid expenses

    etc. Entries are necessary to record these adjustments

    and are known adjustments because through

    adjustments we can easily now what is over actual profit

    or loss .

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    The financial statementsof an organizationmade upat the end of an accounting period, usually the fiscalyear.

    For a manufacturer, the final accountsconsist of

    (1) Manufacturing account,

    (2) Trading account,

    (3) Profitand lossaccount,

    (4) Profit and loss appropriation account.

    A commercialcompany'sfinal accounts will include

    all of the above except the manufacturingaccount.Together, these accounts show the gross profit, netincome, and distributionof net income figuresof thecompany

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    It is the statement of asset, liabilities and owners

    equity which shows the financial position of the

    business on a particular date. It is called positionstatement, and statement of financial condition

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    After our research work we concludethat MCB has high market share andfast growing bank in banking sector

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