Accountancy, asked by moredolly2017, 7 months ago

Rebate on bills discounted for a Banking
Company is
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Answers

Answered by Zayn009
0

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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