Rebate On Bills Discounted Is Mcq Option B is correct one Rebate on Bills Discounted is also known as Discount Received in Advance or Unexpired Discount or Discount Received but not earned
Rebate on Bills Discounted is also known as Discount Received in Advance or Unexpired Discount or Discount Received but not earned Its treatment is same as we Rebate on bills discounted is shown in the Balance Sheet as While preparing P L account rebate on bills discounted to be provided shall be deducted from discount
Rebate On Bills Discounted Is Mcq
Rebate On Bills Discounted Is Mcq
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Rebate on Bills Discounted is also known as Discount Received in Advance or Unexpired Discount or Discount Received but not earned Its treatment is same as we Rebate on bills discounted is a financial term that refers to a discount or reduction given on the interest rate charged on a bill or promissory note when it is discounted before its
Q Rebate of Bills discounted is an income received in advanced which is carried forward as other liability Solved Rebate on bills discounted 1 1 3 20 Discount received 46 00 Bills discounted and purchased 3 15 47 Throughout 2015 the bank s rate for discounting has been 18
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The Power Of Bill Discounting On TReDS By TReDS Guide Medium
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Bank Accounts Ex 2 calculate Rebate On Bills Discounted Healthy
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Rebate on bills discounted is S Financial Accounting A An item of income B a liability C income received in advance D accrued income Show Answer Tags Question and Q Rebate on bills discounted is A An income accrued but not received B A liability
When a B R is discounted what entry is passed by the Drawee A and B enter into a joint venture sharing profit and losses in the ratio of 3 2 A purchased goods costing 2 00 000 Any customer of a bank who discounts a bill is eligible for rebate on bills discounted The rebate is calculated based on the amount of discount charged by the bank and is
Bank Accounts Ex 3 calculate Rebate On Bills Discounted Healthy
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Option B is correct one Rebate on Bills Discounted is also known as Discount Received in Advance or Unexpired Discount or Discount Received but not earned
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Rebate on Bills Discounted is also known as Discount Received in Advance or Unexpired Discount or Discount Received but not earned Its treatment is same as we
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Rebate On Bills Discounted Is Mcq - But this amount of discount is meant for March April and May As accounts are prepared on 31st March each year discount received for 61 days 30 31 for April and May is not
