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What is mean by Cum interest and Ex interest in Accounting ,plse explain with examples......
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Quick Summary
1. In case of cum interest quoted price includes the interest accrued up to the date of purchase whereas this is not included in case of ex interest.
2. In case of cum interest nothing is payable for interest accrued in addition to the quoted price whereas it is payable in case of ex interest.
2. In case of cum interest nothing is payable for interest accrued in addition to the quoted price whereas it is payable in case of ex interest.
Some examples ?? CLD u give me
Cum interest means with interest and ex interest means without interest
@ Rashmi Gandhi CA Mam,thanks 😊 for your precious reply....
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