Discount on bills discounted 1550 Interest on loans 2590 Rebate on bills discounted 490 Interest on cash credit 2230 Interest on overdrafts 1540 From the above information Total of Note: 13 will be: a. OMR 7190 b. OMR 7240 c. OMR 7910 d. OMR 7420

Discount on bills discounted 1550 Interest on loans 2590 Rebate on bills discounted 490 Interest on cash credit 2230 Interest on overdrafts 1540 From the above information Total of Note: 13 will be: a. OMR 7190 b. OMR 7240 c. OMR 7910 d. OMR 7420

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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nterest on loans 1036 Interest on cash credits 892 Discount on bills discounted 780 Interest on overdrafts 216 Interest on savings Bank 440 Interest on fixed deposits 1100 From the above information, the total amount of interest earned and the interest expended will be: a. Interest earned RO: 1824, Interest expended RO: 2640 b. Interest earned RO: 2624, Interest expended RO: 1560 c. Interest earned RO: 2924, Interest expended RO: 1540 d. Interest earned RO: 2824, Interest expended RO: 1640
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