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
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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