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
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
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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