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On 1st January 2019, a customer discounts a bill for RO 60,000 for 2 Months at 12%. What Journal entry will be recorded on the
On 1st January 2019, a customer discounts a bill for RO 60,000 for 2 Months at 12%. What Journal entry will be recorded on the date of maturity ga. Debit Bank RO 60000 Credit Bills purchased RO 60000 O b. Debit Rebate RO 1200 Credit Discount RO 1200 O c. Debit Bills purchased RO 60000 Credit Bank RO 60000 Credit Cash RO 58800 O d. Debit Bills purchased RO 60000 Credit Discount RO 1200 Clear my choice
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