7. Rebate on bills discounted is
(a) An accrued income
(b) An item of income
(c) A liability
(d) Income received in advance
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Answer:
(d) Income received in advance
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Question
Rebate on bills discounted is
(a) An accrued income
(b) An item of income
(c) A liability
(d) Income received in advance
Answer:
d) income received in advance
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