 HOW TO DISCOUNT AN INTEREST-BEARING NOTE 1. Add the interest for the full time to the face of the note. 2. Discount the amount of the note (the face plus the interest) for the time from the date of discount to the maturity of the note. 3. Subtract the...  Bookkeeping: Intermediate and Advanced Courses - Page 150by George Washington Miner - 1916 - 218 pagesFull view - About this book
 | James Bates Thomson - 1882 - 416 pages
...occurs on Sunday or a legal holiday, the note matures on the preceding day. 569. The Term of Discount is the time from the date of discount to the maturity of the note. 570. To find the Bank Discount and Proceeds, when the Face of a note, Rate, and Time are given. 1.... | |
 | John Homer French - 1889 - 512 pages
...that does not bear interest, or the amount of a note that bears interest. 511, The term of discount is the time from the date of discount to the maturity of the note. 512. The proceeds of a note are the sum discounted minus the bank discount. я. A note is nominally... | |
 | John Henry Moore, George Washington Miner - 1902 - 412 pages
...and go to the bank and receive the proper credit. HOW TO DISCOUNT AN INTEREST-BEARING NOTE 1. Add the interest for the full time to the face of the note....should receive credit-. Credit Bills Receivable in the cash book for the face of the note; credit Interest for the amount of the interest and debit Discount... | |
 | John Henry Moore, George Washington Miner - 1903 - 284 pages
...and go to the bank and receive the proper credit. HOW TO DISCOUNT AN INTEREST-BEARING NOTE 1. Add the interest for the full time to the face of the note....should receive credit. Credit Bills Receivable in the cash book for the face of the note; credit Interest for the amount of the interest and debit Discount... | |
 | John Henry Moore - 1903 - 282 pages
...NOTE (. .° ' / r (,, £ ° 1. Add the interest for the full time to the face of the note. , 0 &- .1 2. Discount the amount of the note (the face plus...should receive credit. Credit Bills Receivable in the cash book for the face of the note ; credit Interest for the amount of the interest and debit Discount... | |
 | Orville Marcellus Powers - 1906 - 384 pages
...is the face of the paper and on this the discount should be computed. 378. The Term of Discount is the time from the date of discount to the maturity of the paper. In finding the term of discount the usual custom is to exclude the day on which the paper is... | |
 | Orville Marcellus Powers - 1906 - 384 pages
...is the face of the paper and on this the discount should be computed. 378. The Term of Discount is the time from the date of discount to the maturity of the paper. In finding the term of discount the usual custom is to exclude the day on which the paper is... | |
 | George Washington Miner - 1912 - 382 pages
...Bank the note received of BN Acker on Nov. 22. HOW TO DISCOUNT AN INTEREST-BEARING NOTE 1. Add the interest for the full time to the face of the note....Interest for the total amount of the interest, and debit Interest for the discount. Make the proper record in the bill book. Goods ordered of CO Bond & Co.,... | |
 | George Washington Miner - 1912 - 306 pages
...just noted at 30 da. will mature on Feb. 27, 28, March 1, or 2, respectively. The Term of Discount is the time from the date of discount to the maturity of the note. Banks differ as to method in finding the term, but in this text tfie exact number of days will be used... | |
 | George Washington Miner - 1912 - 166 pages
...Jan. 9. Discounted Geo. Wilson's note, and received cash for the proceeds. The term of discount is the time from the date of discount to the maturity of the note. Enter the face of the note on one side of the cashbook and the discount, under Interest, on the other... | |
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