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If Net Interest on loans is 5500 OMR, discount on bills Purchased 1,000 OMR, Rebate on bills discounted 100 OMR, other income is 700 OMR.
If Net Interest on loans is 5500 OMR, discount on bills Purchased 1,000 OMR, Rebate on bills discounted 100 OMR, other income is 700 OMR. Depreciation on assets was 250 OMR, Salaries were 900 OMR, rent was 400 OMR, and Transfer fees paid were 200 OMR. Provision during the year was recorded as 250 OMR. The Net income for the bank will be? a. 7,100 OMR b. 4,200 OMR C. 3,450 OMR d. 5,100 OMR
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