Accountancy, asked by sejalb5007, 1 year ago

What is treatment of interest on investment in the accounts of banking company?

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Answered by Anonymous
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Income on investments Includes all income derived from the investment portfolio by way of interest and dividend. III. Interest on balances with the Reserve Bank of India and other inter- bank funds Includes interest on balances with Reserve Ban and other banks, call loans, money market placements etc.

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