Bank Dhofar is a commercial bank that have a lot of functions with several services. At the end of the year the bank needs to prepare its financial statements. As a student in Banking and Insurance Accounting course, you are familiar with this information according to this solve the below questions

Question 11

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Non-banking assets will be shown under which heading in the bank accounts.

a.

Banking assets

b.

Fixed assets

c.

Other assets

d.

Reserves and Surplus

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Question 12

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Which of the following account is not included in Interest Earned of a bank?

a.

Interest on balances with the Central Bank

b.

Interest on Bank Overdraft

c.

Interest on working capital

d.

Interest on borrowings from Central Bank

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Question 13

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Which of the following is not classified as Other Income:

a.

Locker rent

b.

Dividends Received

c.

Profit on Exchange Transactions

d.

Bills receivable

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Question 14

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Which of the following will be included in the Operating Expenses?

a.

General Reserve

b.

General expenses

c.

bad debts

d.

Transfer fees