A Bill received and encashed with the bank on the same day is known as ___
Discounting the bill
Bill at sight
Noting of a bill
Bill sent for collection
A Bill received and deposited with the bank on the same day is known as Bill Disocunting.
Ascertain the appropriate missing figure from the following information :
Bills receivables as on March 31, 2018 Rs. 20,000, Bills receivables as on March 31, 2017 Rs. 16,000, Bills collected Rs. 21,000, Bills receivable of Rs. 1,00,000 discounted with a bank at a discount of Rs. 4,000, Bills receivable of Rs. 50,000 endorsed in favour of creditors. Bills receivable (which were retained ) dishonoured Rs. 25,000.