Interested to Buy Any Domain ? << Click Here >> for more details...
what is difference between rebate and discount?
generally in bill of exchange accounting
- 1 Answers
- 7214 Views
- I also Faced
- E-Mail Answers
Answer Posted / natasha
discount is a gernal discount any
boady can get that but rebate is
given in special cases with
retrospevctive effect like when one
achive a target of sale.
rebate on bill discount for
outstanding period which is expected
to realised after balance sheet date
=o/s bill on balance sheet
date*intrest rate*days aftr b/s
date/365.
discount A/c dr.
To rebate on bill.
| Is This Answer Correct ? | 2 Yes | 2 No |
Post New Answer View All Answers
What is a comprehensive income?
What is the difference between cfa and csa?
What is the logic behind this entry P & L Appropriation A/c ..........Dr. To Provision for income tax A/c
What are the features of financial accounting?
In accounting, how do you define the premises?
how to assign the cost center to GL Account in SAP (FICO)
What is an interest rate swap
What is the difference between Open Items and Reconciling Items on a Balance Sheet Reconciliation?
what is a register when referring to accounting or bookkeeping?
1.recivable and payble 2.pf,tds,esi
What are mis reports and how do you prepare it?
If A Company pays amount thru bank for a supplier deducting tds on behalf of B company. Accounting entries to be made in company A and B
Do you know executive accounting?
total assets are equal to total liabilities in final accounts ?why?
contents of an invoice receipt? difference b/w statutory audit & internal audit? Where the bank book and the cash book will not reconcile? difference b/w income & expenditure a/c & p/l a/c? what is ERP? what is full form & the application of SAP? Why income statement prepared? What are the reasons where Balance sheet will not tally? How do you calculated Closing stock in the trading a/c? When will the cash book have a Credit balance? Why do you prepare p/l appropriation a/c? What are the 4 difference b/w public and private company? What do you mean by Contingent liability? Explain: Accrual Concept 1. Realisation concept? 2. Accounting concept?
