e Journal entry to record the closing rebate on bills discounted is dr Rebate on bills discounted Dr Interest and discount Dr Rebate on bills discounted Cr Interest and discount None of these Dr Rebate on bills discounted Cr Bills discounted

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The Journal entry to record the closing rebate on bills discounted is given by
Cr Rebate on bills discounted Dr Interest and discount
Dr Rebate on bills discounted Cr Interest and discount
None of these
Dr Rebate on bills discounted Cr Bills discounted
Transcribed Image Text:The Journal entry to record the closing rebate on bills discounted is given by Cr Rebate on bills discounted Dr Interest and discount Dr Rebate on bills discounted Cr Interest and discount None of these Dr Rebate on bills discounted Cr Bills discounted
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