Question

Entry of bills of exchange and bills discounting in BRS

Answer 1

Answer:

Definition and Explanation of Discounting a Bill:

After getting the bill, the bank will pay cash to the drawer equal to the face value less interest or discount at an agreed rate for the number of days it has to run. This process is know as discounting of a bill of exchange.

Answer 2

Explanation:

Direct Collection of Debt Receivable (B / R), Investment Income, etc. It's the Bank.