Accounting · Bank Accounts
A commercial bank has the following data for the year ended March 31, 2025: Interest on Advances: ₹1,50,00,000 Income from Investments: ₹80,00,000 Rebate on Bills Discounted (Closing): ₹10,00,000 Interest on Balances with RBI: ₹20,00,000 Commission and Exchange: ₹15,00,000 Calculate the total amount of Interest Earned to be shown in Schedule 13 of the Profit and Loss Account.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹2,50,00,000
- 2₹2,55,00,000
- 3₹2,40,00,000✓
- 4₹2,65,00,000
Correct answer
₹2,40,00,000
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