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Exercise No.(4) From the following information, prepare to notes to the accounts and income statement for the year ended 31 Dec 2020 for the XYZ

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Exercise No.(4) From the following information, prepare to notes to the accounts and income statement for the year ended 31 Dec 2020 for the XYZ Bank OMR OMR ('000) 680 Interest on loan Interest on fixed deposits 14 Rebate on bills discounted 29 Commission earned ('000) 2,590 Interest on other deposits 3,170 Postage 490 Printing 82 Sundry charges 540 Directors fees, allowances 1,550 Auditors' fees 2,230 180 17 30 12 Payment to employees Discount on Bills discounted Interest on cash credit Rent, Taxes, lighting Interest on overdrafts Additional Information: 1,540 a) Provide for contingencies R.O. 10 b) Provide for doubtful debts R.O. 15

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