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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. |
Answer» C. Balance sheet |
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