madinashabana11 (MBA) (1112 Points)
24 August 2011Hi Friends....
Can u plz tel me whether 3 days of grace should be added or not while calculating Rebate on Bills Discounted in Banking Companies? Plz Let me clear this i'm very confused. some times grace days are added and some times not added plz explain me if any cases where we hav to add 3 days and where v should not.... Thank u friends......
CS Bijoy
(Expert)
(6394 Points)
Replied 24 August 2011
It is depending on the term of conditions. If the condition is at-sight then grace days will not consider otherwise it will considers.
CS Bijoy
(Expert)
(6394 Points)
Replied 24 August 2011
It is depending on the term of conditions. If the condition is at-sight then grace days will not consider otherwise it will considers.
CAclubindia
