In case of ex-interest transaction, the amount of interest is calculated for the following period. | Faculties

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Mr. Dubey

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📊 Accountancy 2

Q. In case of ex-interest transaction, the amount of interest is calculated for the following period.

(A) Upto the date of next interest payment
(B) For the whole year
(C) From the last date of interest payment till the date of transaction
(D) For full 6 months.

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✅ Correct Answer: (C) From the last date of interest payment till the date of transaction

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