Question

12.Discount on Advances are shown
in Schedule
O 13. Interest Earned
O 14. other Income
O 15. Interest Expended
O 16. Operating expenses​

Answer 1

14. other income is right

Answer 2

Answer:

Explanation:

Discount on advance is also known as rebate on bills discounted. In this situation the discount on advance will be deducted from interest and discount  shown as liability in profit and loss account. so the answer is interest earned.