From the given information calculate the Net Interest Income non-interest income and non- Interest expenses...

70.2K

Verified Solution

Question

Accounting

image
From the given information calculate the Net Interest Income non-interest income and non- Interest expenses Particulars OMR Particulars OMR Interest accrued on 2,000 Interest on savings 25,000 Investment account Rent received 1,500 Director's fees 4.000 Interest on overdraft 25,000 Sundry charges 1.200 Interest on current account 15,000 Interest on cash credit 35,000 Locker rent and dividend 6,000 Commission charged to 6.500 customers Loss on revaluation of assets 3,000 Interest on fixed deposit 7,000 Interest on loans and 28,000 Expenses of 10,000 advances management Interest on bills discounted 450,000 Rebate on bills 3,500 discounted Net Interest income! OMR 49.500 OMR 487,500 None of these OMR 5.40.500 Non-Interest income Non-Interest expenses

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students