Rebate on bills discounted is also called_____.

Unexpired discount

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Earned discount

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Expired discount

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Received discount

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Solution

The correct option is A Unexpired discount
Rebate on Bills Discounted is also known as Discount Received in Advance, or, Unexpired Discount or, Discount Received but not earned. Its treatment is same as we do in the case of Interest Received in Advance.

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Rebate on bills discounted is also called_____.

The correct option is A Unexpired discountRebate on Bills Discounted is also known as Discount Received in Advance, or, Unexpired Discount or, Discount Received but not earned. Its treatment is same as we do in the case of Interest Received in Advance.

The correct option is A Unexpired discount
Rebate on Bills Discounted is also known as Discount Received in Advance, or, Unexpired Discount or, Discount Received but not earned. Its treatment is same as we do in the case of Interest Received in Advance.