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

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.

a. asset

Assets

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

Assets,,,