Ex-interest n cum-interest
This query is : Resolved
18 January 2014
a company sold 200,5% debenture on 31st march n got suppose rs.25 interest. in this case why does the seller get interest on debenture from buyer.why would buyer pay interest. interest date is 30th june n 31st dec...plz do explain ...
CA Vijeta Verma
(Expert)
18 January 2014
Whenever some interest is due & seller makes the transaction then he would be losing that interest.In order to recover that lost income of interest the transaction is done at some higher price ,sufficient enough to cover up the lost interest.
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