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Advance account banking chapter in financial statements topic (illustration 2)

Accountancy

How we interest/discount earned 2297 for current year in illustration 2

Hima vamsi Grandhisila

CA Inter

★ 23K+

28-Mar-23 08:41

156

Answers (1)

In the question it is given in point (i) that the items are already adjusted so we have to add back those except rebate on bills discounted. 2045+148+92+12=2297. Because those are not related to interest and discount

Divya Sri Vemavarapu

CA Final

★ 15K+

29-Mar-23 20:25

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