Accountancy, asked by shahejahan786, 10 months ago

calculat rebait on billes discounted with imagenary figure..

Answers

Answered by abhijatsinha2005

Meaning of Rebate on Bills Discounted: 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 do in the case of Interest Received in Advance.

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