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To calculate closing balance for debentures by fifo method. Should we take cost without interest or cum interest price.
Answers (3)
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 KandaDen 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.
