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Rebate On Bills Discounted
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In the present video the concept of Rebate on Bills Discounted is explained with the help of two solved illustrations
Method of Computation of Rebate on Bills Discounted If a customer discounts 60 000 for 3 months at 12 on 1st March 2010 it will be calculated as follows Bank will earn discount 12 for 92 days i e 60 000 x 12 100 x 92 365 Rs 1814
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A Guide To Rebates On Discounted Bills
A Guide To Rebates On Discounted Bills
Discount A cash discount is recorded in the books of accounts while a trade discount is not Since the discount allowed is a clear expense for a business in order to earn revenue the journal entry for a discount is Journal entry for recording a discount of 10 on products worth 50 000 Rebate
In this video meaning of Rebate on Bills Discounted is explained clearly with simple examples Also one problem is discussed and solved with clear cut explanations Show more
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Rebate On Bills Discounted Problem 2 YouTube
Rebate On Bills Discounted Problem 2 YouTube
Rebate on Bills Discounted Accounts of Banking Company Teena Malhotra 4 18K subscribers Subscribe 297 13K views 2 years ago Corporate
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 Thus i If it is given only in the Trial Balance
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Solved Previous University Questions On Calculation Of Rebate On Bills
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Method of Computation of Rebate on Bills Discounted If a customer discounts 60 000 for 3 months at 12 on 1st March 2010 it will be calculated as follows Bank will earn discount 12 for 92 days i e 60 000 x 12 100 x 92 365 Rs 1814
https://khatabook.com/blog/rebate-on-bills-discounted
Basic Principles of Rebate on Bills Discounted The Formula for Calculating Rebates on Bills Discounted Factors to Consider When Calculating Rebate on Bills Discounted 1 Interest Rate 2 Time Duration 3 Discount Rate 4 Payment Terms 5 Fees and Charges Benefits of Rebate on Bills Discount for Borrowers and Lenders 1
Method of Computation of Rebate on Bills Discounted If a customer discounts 60 000 for 3 months at 12 on 1st March 2010 it will be calculated as follows Bank will earn discount 12 for 92 days i e 60 000 x 12 100 x 92 365 Rs 1814
Basic Principles of Rebate on Bills Discounted The Formula for Calculating Rebates on Bills Discounted Factors to Consider When Calculating Rebate on Bills Discounted 1 Interest Rate 2 Time Duration 3 Discount Rate 4 Payment Terms 5 Fees and Charges Benefits of Rebate on Bills Discount for Borrowers and Lenders 1
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