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Question 17 Not yet Calculate the interest and discounts to be shown in the income statement from the below stated information answered Rebate on bills

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Question 17 Not yet Calculate the interest and discounts to be shown in the income statement from the below stated information answered Rebate on bills discounted 1/1/2020 OMR 49,831 Marked out of 1.00 Interest and discount during the year OMR 614,000 Flag question Rebate on bills discounted 31/12/2020 OMR 38.000 Net interest and discount OMR625,831 OMR 614,000 OMR 602.169 OMR 652.000 18

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