The following are the balances of NBO for the year ended 31/12/20 Particulars OMR Particulars OMR Interest on 518,000 Interest on 84,000 loans current accounts Interest on 550,000 Rent& taxes 36,000 Fixed deposits Commission 16,000 Interest on 308,000 received overdrafts Salaries and 108,000 Director's fees 6,000 allowances Discount on 292,000 Auditor's fees 2,000 bills discounted Rebate on bills 98,000 Interest on 136,000 discounted savings bank deposits Interest on 446,000 Postage and 3,000 cash credit telegraph Printing and 6,000 Lockers rent 2,000 stationery Transfer fees 1,000 Depreciation on 10,000 bank property Sundry 4,000 Charges Other Information: Provision for bad debts to be made OMR 80,000 Provision for income tax required at OMR 300,000
The following are the balances of NBO for the year ended 31/12/20 Particulars OMR Particulars OMR Interest on 518,000 Interest on 84,000 loans current accounts Interest on 550,000 Rent& taxes 36,000 Fixed deposits Commission 16,000 Interest on 308,000 received overdrafts Salaries and 108,000 Director's fees 6,000 allowances Discount on 292,000 Auditor's fees 2,000 bills discounted Rebate on bills 98,000 Interest on 136,000 discounted savings bank deposits Interest on 446,000 Postage and 3,000 cash credit telegraph Printing and 6,000 Lockers rent 2,000 stationery Transfer fees 1,000 Depreciation on 10,000 bank property Sundry 4,000 Charges Other Information: Provision for bad debts to be made OMR 80,000 Provision for income tax required at OMR 300,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![The following are the balances of NBO for the year
ended 31/12/20
Particulars
OMR
Particulars
OMR
Interest on
518,000 Interest on
84,000
loans
current
accounts
Interest on
550,000 Rent& taxes
36,000
Fixed deposits
Commission
16,000
Interest on
308,000
received
overdrafts
Salaries and
108,000 Director's fees 6,000
allowances
Discount on
292,000 Auditor's fees 2,000
bills
discounted
Rebate on bills 98,000 Interest on
136,000
discounted
savings bank
deposits
Interest on
446,000 Postage and
3,000
cash credit
telegraph
Printing and
6,000
Lockers rent
2,000
stationery
Transfer fees
1,000
Depreciation on 10,000
bank property
Sundry
4,000
Charges
Other Information:
Provision for bad debts to be made OMR 80,000
Provision for income tax required at OMR 300,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc90f35f1-e8b8-4faa-a292-08c9cf4415a5%2F303b062b-be63-4477-9e43-f927c45c99c7%2Flwodnj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following are the balances of NBO for the year
ended 31/12/20
Particulars
OMR
Particulars
OMR
Interest on
518,000 Interest on
84,000
loans
current
accounts
Interest on
550,000 Rent& taxes
36,000
Fixed deposits
Commission
16,000
Interest on
308,000
received
overdrafts
Salaries and
108,000 Director's fees 6,000
allowances
Discount on
292,000 Auditor's fees 2,000
bills
discounted
Rebate on bills 98,000 Interest on
136,000
discounted
savings bank
deposits
Interest on
446,000 Postage and
3,000
cash credit
telegraph
Printing and
6,000
Lockers rent
2,000
stationery
Transfer fees
1,000
Depreciation on 10,000
bank property
Sundry
4,000
Charges
Other Information:
Provision for bad debts to be made OMR 80,000
Provision for income tax required at OMR 300,000
![Calculate
Net interest Income
Non-interest income
Non-interest expenses](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc90f35f1-e8b8-4faa-a292-08c9cf4415a5%2F303b062b-be63-4477-9e43-f927c45c99c7%2Fxspmxu_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Calculate
Net interest Income
Non-interest income
Non-interest expenses
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