Discount at the time of retirement of a Bill is a gain for the drawee.

True

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False

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Solution

The correct option is A True
Due to the premature payment done by the drawee, the drawer allows some discount as consideration.
Such a discount at the time of retirement of a bill is an income for the drawee and is an expense for the drawer.

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Discount at the time of retirement of a Bill is a gain for the drawee.

The correct option is A TrueDue to the premature payment done by the drawee, the drawer allows some discount as consideration. Such a discount at the time of retirement of a bill is an income for the drawee and is an expense for the drawer.

The correct option is A True
Due to the premature payment done by the drawee, the drawer allows some discount as consideration.
Such a discount at the time of retirement of a bill is an income for the drawee and is an expense for the drawer.