Accountancy, asked by chauhansrb2323, 1 year ago

What will happen in pass book when bill is retired under rebate

Answers

Answered by tanmoyvestige

Retirement of Bills of Exchange. It may happen sometimes that the drawee has surplus funds. So he may decide to pay the amount of the bill before the date of maturity. ... The rebate on bills is an expense of the drawer or the holder of the bill.

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