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Old MathJax webview From the following information, interest of loan OMR 4,000. interest on...

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Accounting

Old MathJax webview

From the following information, interest of loan OMR 4,000. interest on overdraft OMR 5,500 interest on deposit OMR 1,200 calculate the total income of the bank :

a.

OMR 14,200,

b.

OMR 9,800.

c.

OMR 9,500,

d.

OMR 4,700,

Where will be interest and discount account transferred at the recording transaction of the bank?

a.

Asset,

b.

Interest earned.

c.

Expenditure,

d.

Other income,

If AL Rayyan Company has some bill of exchanges from different customers. what is the best way to get money from them if the company is willing to receive its money earlier?

a.

Take cash credit,

b.

Take loan,

c.

Take overdraft.

d.

Discount the bills ,

The appropriations amount from profit will be transferred to all accounts excluding:

a.

Other reserves,

b.

Cash account.

c.

Statutory Reserve,

d.

Proposed dividend,

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