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The books of Blue moon bank as on 31/12/2019 showed the following information: Rebate on...

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Accounting

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The books of Blue moon bank as on 31/12/2019 showed the following information: Rebate on bills discounted (1.1.2019) OMR 320,000 Discount received OMR 4,600,000 Bills discounted and purchased OMR 31,547,000 Rebate on bills as on (31.12.2019) OMR 700,084 Calculate the net amount to be entered as interest and discount in Revenue/Income statemer OMR 4,219,916 None of these OMR 4,912,916 OMR 4,219,619

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