2 Replies
Sourabh Sodani
(2 Points)
Replied 13 August 2017
Its means if you give a payment early than bank give you an discount
Rob W
(Blogger Journalist Social Media Expert & Writer)
(34 Points)
Replied 02 September 2017
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.
I hope this helps.
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