《上海会计》1993年第4期所载江运生的《贴现计算公式质疑》一文(以下简称“江文”),认为以票据到期值为基础计算贴现利息不合理,并提出新的计算公式。对此,本人不以为然。 首先,贴现率不等同于一般的利率。贴现率(dicount rate)是指贴现息与到期值(如为不计息票据,到期位即为票面值)的比率。而一般的利率是指利息与本金的比率。也就是说,一般的利息是以本金为基础计算 The article “Questioning of Discounting Formulas” (hereinafter referred to as “Jiang Wen”) by Jiang Yunsheng in Shanghai Accounting, 1993, No. 4 considers that the calculation of discounted interest on the basis of the maturity value of the bill is unreasonable and proposes a new calculation formula. In this regard, I disagree. First, the discount rate is not equal to the general interest rate. The discount rate (dicount rate) refers to the ratio of discounted interest and maturity value (if it is a non-interest bearing note, the maturity value is the face value). The general interest rate refers to the ratio of interest to principal. In other words, the general interest is based on the principal calculation