Average due date (query)
Meena Gupta (Article) (83 Points)
13 June 2014
when will be interest gain or loss for either party....? if debtor pays money before due date ??
4 Replies
sumit
(Self Employed with GST Working)
(57 Points)
Replied 13 June 2014
please give a practicle question so that clear answer should be given
Meena Gupta
(Article)
(83 Points)
Replied 13 June 2014
If debtor pays amt of bill before average due date he has to pay interest or not?
CA Saroj Kumar
(Keen to learn something new every moments)
(2588 Points)
Replied 13 June 2014
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.
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