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secondary 4 | A Maths
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How do I find the amount for Interest on bank loan? I'm getting confusion due to the timeline. Bank loan amount is 120, 000.
Trial balance doesn't reflect any interest on bank loan as expense so I'm assuming it may be an accrual?
Date Posted: 5 years ago
Views: 279
Question 9 by the way
The entries for loan interest have not been passed since qn states it is unaccounted for. Therefore u will not see it reflected in e TB. U will need to pass e entries n update the TB accordingly.
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Hope this helps.
Date Posted:
5 years ago
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