Question

Discount on bill is shown by a bank​

Answer 1

Answer:

The drawer may discount the bill with the bank before the due date. The bank charges discounting charges from the drawer at a certain rate. Thus, at the time of discounting the bank deposits the net amount after charging such amount of discount in the account of the holder of the bill.

Answer 2

Answer:

The drawer may discount the bill with the bank before the due date. The bank charges discounting charges from the drawer at a certain rate. Thus, at the time of discounting the bank deposits the net amount after charging such amount of discount in the account of the holder of the bill.