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Its a personal account

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12y ago

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Unexpired discount refers to that amount of the total discount which is already received on bills that are discounted by bank during current financial year but it will be deemed to receivable during the coming year. Such discount is subtracted from total discount received in profit and loss a/c of the bank and also shown in liabilities side of balance sheet under schedule 5 (other liabilities and provision)

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Anonymous

4y ago
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Q: What is unexpired discount?
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