Investment accounts

Accountancy

To calculate closing balance for debentures by fifo method. Should we take cost without interest or cum interest price.

Shru Kanda

CA Inter

★ 610

13-May-22 13:05

502

Answers (3)

Ex interest is to be taken

Be The Change

CA Inter

★ 11K+

13-May-22 13:07

Be The Change

Ex interest is to be taken

Den y in module in practice question no 3 dey hv taken cum interest

Thread Starter

Shru Kanda

CA Inter

★ 610

13-May-22 13:31

Thread Starter

Shru Kanda

Den y in module in practice question no 3 dey hv taken cum interest

Since the purchase is on 1st October, and Interest is paid on 30th September - technically there is no interest.

CA Suraj Lakhotia

Admin

13-May-22 17:58