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The Commercial Bank is in need of calculating their term profit manually. Following are the data provided by accounting department. Please prepare the Profit
The Commercial Bank is in need of calculating their term profit manually. Following are the data provided by accounting department. Please prepare the Profit & Loss Stement as we worked on the case study during the lectures and CALCULATE the Operational Profit (Term Profit) for the year. P/L Account balances are as follows: Interest Income 2.500 Fees and Commissions Received 200 Operating Expenses 120 Interest Expense 1.600 Fees and Commissions Paid 20 Foreign Exchange Profit 10 Net Operational Profit
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