Answered: Interest on balance with Central bank…

Interest on balance with Central bank RO 3500 Interest on fixed deposit RO 1100 Locker rent RO 520 Transfer fees paid RO 880 From the above information, the operating profit will be: O a. RO 2040

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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Question

Interest on balance with Central bank RO 3500
Interest on fixed deposit
RO 1100
Locker rent
RO 520
Transfer fees paid
RO 880
From the above information, the operating profit will be:
O a.
RO 2040
O b. RO 1040
O c. RO 2020
O d. RO 3040

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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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