📊 Corporate Accounting
Q. Rebate on bills discounted is shown on the liability side of the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
  • (A) Profit and loss account
  • (B) Income statement
  • (C) Balance sheet
  • (D) None of these.
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✅ Correct Answer: (C) Balance sheet

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