Question 31 Not yet answered Marked out of 100 Flag question Calculate the interest and discounts to be shown in the income statement from the below stated information Rebate on bills OMR 49,831 discounted 1/1/2020 Interest and discount OMR 614,000 during the year Rebate on bills OMR 38,000 discounted 31/12/2020 Net interest and discount Done OMR 602,169 OMR 625,831 OMR 614,000 OMR 652,000 Question 33 Not yet answered Marked out of 1.00 P Flag question The life policy which is payable only after death is called: Done Term life policy Money back policy Endowment policy Whole life policy 32 Marked out of 100 Flag question The journal entry for recording the unexpired discounts Done Cr interest and discount Dr Rebate on bills discounted. Dr Interest and discount Cr Rebate on bills discounted Dr Bills discounted Cr Interest and discount Dr Interest and discount Cr Bills discounted