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Average due date (query)
when will be interest gain or loss for either party....? if debtor pays money before due date ??
Replies (4)
please give a practicle question so that clear answer should be given
If debtor pays amt of bill before average due date he has to pay interest or not?
he does not requires to pay interest ......
Interest is being paid on late payment not early payment. on early payments rebate is availabe to debtor.
if debtor pays early payment before due date...
its beneficial for you and loss for debtor
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