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Commerce · Q2654

Accounting

Graduate and Post Graduate · Commerce · question 2654

Q2654

If payment is made on the average due date it results in . . . . . . . .

A.
loss of interest to the creditor
B.
loss of interest to the debtor
C.
no loss of interest to either of them
Answer
D.
loss of interest to both the creditor and debtor

Answer: Option C

Solution

Answer: Option C
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