Accountancy, asked by rudrapsb8402, 9 months ago

Write a short note on rebate on bill discount

Answers

Answered by sujeetsahani8745

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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