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Example 5 – Specific borrowings

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Example 5 – Specific borrowings

  • This topic has 2 replies, 2 voices, and was last updated 1 year ago by Famara.
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  • Author
    Posts
  • September 10, 2023 at 7:56 am #691849
    Famara
    Participant
    • Topics: 1
    • Replies: 5
    • ☆

    Am wrong in calculating the interest for the 10 months first then deducting a month’s interest to arrive at $375 to be capitalised?

    Or was I doing to the long way?
    Many thanks

    September 13, 2023 at 3:00 pm #691995
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    If you get the right answer then it doesn’t matter how you get to it. Does it give you the right answer?

    Thanks

    October 22, 2023 at 10:28 am #693810
    Famara
    Participant
    • Topics: 1
    • Replies: 5
    • ☆

    Yes, I got the correct answer. Thanks

  • Author
    Posts
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