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15-02-2024
Business

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On 15 April 2021, Growth Realty Ltd purchased a piece of equipment worth $200,000 by accepting a 6-month discounted bank bill. The bill has a face value of $209,000 and is due for settlement on 15 Oct. What did Growth Realty Ltd purchase on 15 April 2021?
A) A piece of equipment worth $200,000
B) A discounted bank bill
C) A face value of $209,000
D) A settlement due on 15 Oct

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