MBA Focus Comments: The Most Potential Group In The Workplace

Teller General Knowledge - How To Keep Accounts Receivable Due To The Bank When It Is Discounted?

If a company's notes receivable hold a tight fund before maturity, they may apply for a discount to the Bank of their account with an undue commercial draft. The relevant formulas for bills discounting are as follows: (1) discount without interest note: discount interest = bill face value × discount rate × discount days /360 discount days = duration of the bill - the period when the enterprise holds the bill = the actual days -1 of the discount date to the maturity date of