Calculate the rebate on bills discounted for the following bills as on 31.12 Period Rate of discount Date of bili OMR Ahmed 15/11/2020 20,000 2 months 2% Sara 5/10/2020 5,000 5 months 5% Zakia 13/12/2020 7,000 3 months 10% Ahmed OMR16.438 Sara Zakia

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Calculate the rebate on bills discounted for the following bills as on 31.12.2020:
Period
Rate of discount
Date of bilI
OMR
15/11/2020
20,000
2 months
2%
Ahmed
Sara
5/10/2020
5,000
5 months
5%
Zakia
13/12/2020
7,000
3 months
10%
Ahmed OMR16.438
Sara
Zakia
Transcribed Image Text:Calculate the rebate on bills discounted for the following bills as on 31.12.2020: Period Rate of discount Date of bilI OMR 15/11/2020 20,000 2 months 2% Ahmed Sara 5/10/2020 5,000 5 months 5% Zakia 13/12/2020 7,000 3 months 10% Ahmed OMR16.438 Sara Zakia
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