Rebate on bills discounted is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ | Faculties

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Mr. Dubey

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📊 Corporate Accounting

Q. Rebate on bills discounted is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

(A) An item of income
(B) Income received in advance
(C) An asset
(D) Income accrued

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✅ Correct Answer: (B) Income received in advance

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