Also why is rebate shown as other liabilities in this questions Isn't rebate an income?

Swathi Krishna

CA Inter

★ 7K+

03-Nov-20 01:05

Plzz reply for the above two questions

Swathi Krishna

CA Inter

★ 7K+

03-Nov-20 01:06

One more doubt regarding same question They have mentioned that "details are not based on figures given in the questions ." Does that mean they have assumed some values ? In exam they will gives the values rite ? Plzz reply

Attachments

Swathi Krishna

CA Inter

★ 7K+

03-Nov-20 01:11

Overdraft is already deducted. To disclose separately, we will add back.

Suraj Lakhotia

Admin

03-Nov-20 10:19

Unearned portion of discount has a credit balance.

Suraj Lakhotia

Admin

03-Nov-20 10:19

ARe you not able to trace back the values to the question?

Suraj Lakhotia

Admin

03-Nov-20 10:20