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Bills discounted is an ‐ of the banking company  a) Asset   b) Liability  c) Income  d) Expense

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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2014/11/13
Viswanathan P S
by Viswanathan P S , Director , Imaging Supplies India Pvt.Ltd.

To a BANK,Bill Discounting is an Asset,(Account Receivable) it is also the business of banks for income source shuch as interest and bank charges.

Bills discounted are assets to the banking company.

SREEDEVI SUNILKUMAR
by SREEDEVI SUNILKUMAR , Business finance officer , Emirates Airline

a. asset

 

georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

a) Asset

Malik Khalid Mahmood
by Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC

Assets

At the time, when bills discounts, bank makes the payment in advance to customer, so its become receivable for bank from other party.

Ayman Esa Mustafa Farrag
by Ayman Esa Mustafa Farrag , مدير مالي , شركة الصفوف

Assets,,,

An asset of the banking company.

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