Profit and Loss Account

Revenue:
- Interest Income: $X
- Commission Income: $Y
- Other Income: $Z

Expenses:
- Interest Expense: $A
- Operating Expenses: $B
- Depreciation Expense: $C
- Provision for Bad Debts: $D

Gross Profit:
Gross Profit = (Interest Income + Commission Income + Other Income) - Interest Expense

Net Profit Before Tax:
Net Profit Before Tax = Gross Profit - (Operating Expenses + Depreciation Expense + Provision for Bad Debts)

Net Profit After Tax:
Net Profit After Tax = Net Profit Before Tax - Tax Expense

Balance Sheet

Assets:
- Cash and Cash Equivalents: $P
- Loans and Advances: $Q
- Investments: $R
- Fixed Assets: $S
- Other Assets: $T

Liabilities:
- Deposits: $U
- Borrowings: $V
- Other Liabilities: $W
- Capital: $X
- Reserves and Surplus: $Y

Total Assets:
Total Assets = Cash and Cash Equivalents + Loans and Advances + Investments + Fixed Assets + Other Assets

Total Liabilities:
Total Liabilities = Deposits + Borrowings + Other Liabilities + Capital + Reserves and Surplus

Equity:
Equity = Capital + Reserves and Surplus

Explanation:
- The Profit and Loss Account summarizes the revenues, expenses, and profit/loss of a company for a specific period.
- The revenue section includes the interest income, commission income, and other income earned by the bank during the period.
- The expense section includes the interest expense, operating expenses, depreciation expense, and provision for bad debts incurred by the bank.
- The gross profit is calculated by deducting the interest expense from the total revenue.
- The net profit before tax is calculated by deducting the operating expenses, depreciation expense, and provision for bad debts from the gross profit.
- The net profit after tax is calculated by deducting the tax expense from the net profit before tax.
- The Balance Sheet presents the financial position of a company at a specific point in time.
- The assets section includes the cash and cash equivalents, loans and advances, investments, fixed assets, and other assets owned by the bank.
- The liabilities section includes the deposits, borrowings, and other liabilities of the bank.
- The equity section includes the capital and reserves and surplus of the bank.
- The total assets represent the total value of the bank's resources.
- The total liabilities represent the total value of the bank's obligations.
- The equity represents the net worth of the bank, calculated as the sum of capital and reserves and surplus.