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If a bond is sold between interest dates, its selling price will be raised by the amount of _ interest?

A)   Deferred

 

B)    Accrued

 

C)   Proceed

 

D)   Premium

 

E)    All

 

None

Accounting
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Question added by Ahmed Abdi Mahad , Director of Internal Auditing Directorate , Jigjiga University
Date Posted: 2015/04/29
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Mohammad Athar
by Mohammad Athar , Senior Accountant , Techno

B (accrued interest) because this has already been accumulated in the value of bond but not received by the holder (seller) yet.

Mohamed Gobran
by Mohamed Gobran , Head of Insurance & Projects Management , Al Ahly Bank Of Kuwait - Egypt

The right choice is (B) accrued

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