Question

A bank has Bills Discounted worth ₹4,00,000. Unexpired discount at year-end is ₹40,000. What is the adjustment in final accounts?

A Reduce Bills Discounted by ₹40,000
B Show ₹40,000 as liability
C Deduct from Discount Earned
D Both b & c
E None
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)