Define

This query is : Resolved 

11 April 2014 wats broken period interest??

11 April 2014 let say on a debt security interest is payable on 6 monthly basis, say 30 june and 31 dec.

so if you sell the security on 30 april, so interest from 1 Jan to 30 April shall be referred to as broken period interest.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query