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The rebate on bills discounted is shown on the Assets side of the balance sheet and added from interest and discount Liabilities side of the

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The rebate on bills discounted is shown on the Assets side of the balance sheet and added from interest and discount Liabilities side of the balance sheet and added from interest and discount Liabilities side of the balance sheet and deduced from interest and discount Assets side of the balance sheet and deduced from interest and discount

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