📊 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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