Question

Mehta's acceptance for 2000 retired before
due date under a discount of rs.50.which
account will be credited in the books of
mehta?
A. Cash and Rebate
B. bills payable and rebate
C. mehta and rebate
D. Cash​

Answer 1

Answer:

It's Answer is D. Cash answer to the right to be a good time to do ask questions.

Answer 2

Answer:

Correct answer is A

because the entry of rebate will be

in the books of drawee

bills payable A/c .............Dr 2000

To bank or cash A/c. 1950

To rebate A/c 50