From the following information, find out the amount of discount credited to Profit and Loss Account: Rebate
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From the following information, find out the amount of discount credited to Profit and Loss Account: Rebate on bills discounted (1.4.2015) ₹ 32,480; Discount received ₹ 1,08,000. An analysis of the bills discounted shows the following:
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Related Book For 
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
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