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I need the answer as soon as possible Question 89: Forward Bank Ltd furnishes the following information as on 31st March, 2018. Amount in Bills

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Question 89: Forward Bank Ltd furnishes the following information as on 31st March, 2018. Amount in Bills Discounted 82,23,000 Rebate on bills discounted as on 1st April, 2017 1,32,960 Discount received 6,33,990 Details of bills discounted is as given below: Value of Bills (3) Due Date Rate of Discount 10,95,000 15th June, 2018 14% 30,00,000 25th June, 2018 2% 16,92,000 5th July, 2018 16% 24,36,000 15th July, 2018 16% (i) Calculate the rebate on bills discounted as on 31s1 March, 2018 (ii) Pass necessary Journal Entries

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