Doubt on investment accounts

569 views 2 replies

(20000*9%*5) / 12

Why 5months taken??


Attached File : 1426739 20151010210713 t4zahp1444491320.jpg downloaded: 163 times
Replies (2)

Chintu, The bond was purchased on 1 st march. However, the next interest accrues only on 31 st march. That means, from the last date of interest(30-sept) to 1st march, the vendor held the bond. Hence interest on the same from 30-sept to 1-mar belongs to him. 20000*9%*5/12=750 The purchase being made on ex-interest, the interest portion is not included in the consideration. Hence interest of rs.750 is to be paid to the vendor. If you still don't get it, simply think in this way...... Purchase date-1 mar Hence on 31 mar, we are the holders of the bond, hence we receive the interest. However we actually held the same only for 1 month(mar). Remaining interest(6-1 months) belongs to the vendor. Hence we compensate him for that at the time of purchase itself.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details