📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Where will the Bill receivable discounted but not due

    till date of final accounts, be shown under?
    A Assets Correct Answer Incorrect Answer
    B Liabilities Correct Answer Incorrect Answer
    C Capital Correct Answer Incorrect Answer
    D Profit and loss account as expense Correct Answer Incorrect Answer
    E Notes to accounts Correct Answer Incorrect Answer

    Solution

    It is a contingent liability and therefore shown under notes to accounts

    Practice Next
    More Alternate Sources of Finance Questions
    ask-question