 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
 | George Washington Miner - 1912 - 382 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 the exact number of days will be used... | |
 | George Washington Miner, Fayette Herbert Elwell - 1918 - 456 pages
...Date Discounted column, write July 18, DISCOUNT MEMORANDUM Term of Discount. The term of dincount 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 tlie exact number of days u'ill be... | |
 | George Washington Miner, Fayette Herbert Elwell - 1918 - 456 pages
...the notebook, in the Date Discounted column, write July 18. Term of Discount. 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 the exact number of days will be used... | |
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