Discounting a bill is when I take a customer's future-dated bill to the bank for immediate cash, paying a small fee. If it gets dishonoured, the bank charges noting fees and recovers the full amount from my account—I must record both the debt coming back and the extra loss. Frankly, the textbook says account it properly, but in my reality, that noting charge *hurts*; it’s a direct cut from my thin margin. I know this asil because last month a bill from a Rajkot buyer bounced, and the ₹500 noting charge meant I couldn’t buy that extra sack of turmeric I needed.
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