Must to Know ?
MPR Sanjay Kumar (3118 Points)
02 September 2022
What is mean by Cum interest and Ex interest in Accounting ,plse explain with examples......
4 Replies
Sai Allu
(754 Points)
Replied 02 September 2022
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.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 02 September 2022
Cum interest means with interest and ex interest means without interest
MPR Sanjay Kumar
(3118 Points)
Replied 13 September 2022
@ Rashmi Gandhi CA Mam,thanks 😊 for your precious reply....
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