Hi Mike – thanks so much for taking time to reply. I am owning up to having made a mistake in my question (oops) it is interest paid and payable I meant to say. Examples are in the question, ‘Topiary’ on p 428 of the BPP book, and also on past paper questions such as Warrburt (12/08) and Jocatt (12/10). I’ve had a few years away from study and have forgotten all my ‘assumed knowledge’ ha 🙂