Accountancy, asked by kariyakrima, 7 months ago

Rebate on bills discounted is shown in the which side of income statement*​

Answers

Answered by kushagramishra86
0

Answer:

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Answered by amssre15929
0

Answer:

Your Answer

Explanation:

ADVERTISEMENTS: (i) Discount earned (up to 31.12. 1992) will be credited to P & L A/c and unexpired discount will, however, be credited to Rebate on Bills Discounted A/c, and will appear in the liability side of the Balance Sheet.

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