Please tell me how will i calculate the amount of discounting charges when P discounts a bill for ₹ 236250. Basically i want to to how to calculate the amount in the entry :- R account --- dr To disco

Question

Jothisankari · Answer

First you have to take the actual amount of bill receivable that has been discounted then minus that with the amount received from bank on discounting and finally the difference is the discounting charge.

Goongoon · Answer

In CR write the whole amt and calculate discount on 1,88,000 for four months

Goongoon · Answer

Bank A/C .....dr Discount A/C. ......dr. To bills receivable A/C

Please tell me how will i calculate the amount of discounting charges when P discounts a bill for ₹ 236250. Basically i want to to how to calculate the amount in the entry :- R account --- dr To disco

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