Directions: Choose the correct option for the given question.

Which of the following schedules will not be considered for total while preparing the balance sheet of a banking company?

Banking companies prepare balance sheets with 12 schedules as per Banking Regulation Act norms. Schedules 1-11 cover various assets and liabilities. However, Schedule 12 contains 'Contingent Liabilities, Commitments, and Others' which includes items like guarantees, letters of credit, acceptances, and forwards. These are NOT added to the balance sheet total because they are contingent (may or may not crystallize into actual liabilities) and are disclosed separately for information purposes. The total is computed from Schedules 1-11 only.