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In Advanced Accounting , practical question 10th , why bills discounted adjustment has not been made ? And it is only recorded as contingent liability and not increased the bank and not decreased the trade receivables . Why??( Financial statements practical question 10th)

Asked by Kamesh21 Nov 2024402 views

1 answer

  1. Pranali · 25 Nov 2024

    Because it's discounted after bs date

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