Q7 The following are the balances of NBO for the yearended 31/12/20ParticularsOMRParticularsOMRInterest on518,000 Interest on84,000loanscurrentaccountsInterest on550,000 Rent& taxes36,000Fixed depositsCommission16,000 Interest on308,000receivedoverdraftsSalaries and108,000 Director's fees 6,00OallowancesDiscount on292,000 Auditor's fees 2,000billsdiscountedRebate on bills 98,000 Interest on136,000discountedsavings bankdepositsInterest on446,000 Postage and3,000cash credittelegraphPrinting and6,000Lockers rent2,000stationeryTransfer fees1,000Depreciation on 10,000bank propertySundry4,000ChargesOther Information:Provision for bad debts to be made OMR 80,000Provision for income tax required at OMR 300,000 CalculateNet interest IncomeNon-interest incomeNon-interest expenses

Given a statement of the balance of a bank and we need to find out the interest income noninterest…

Answered: Calculate Net interest Income…

Business

Accounting

Calculate Net interest Income Non-interest income Non-interest expenses

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 2EA: Consider the following accounts and determine if the account is a current liability, a noncurrent...

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