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arrual and prepayment

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › arrual and prepayment

  • This topic has 3 replies, 2 voices, and was last updated 12 years ago by milomjj.
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  • January 15, 2013 at 12:07 pm #113639
    milomjj
    Member
    • Topics: 2
    • Replies: 3
    • ☆

    if a loan is made to an employee and if it is payable in a year and also interest on that…. how will it be recognise in the statements?

    January 15, 2013 at 12:13 pm #113640
    cuteleo110
    Participant
    • Topics: 7
    • Replies: 385
    • ☆☆☆

    normal treatment of liability. Company’s receivable, and interest income is also earned.

    January 15, 2013 at 12:25 pm #113641
    milomjj
    Member
    • Topics: 2
    • Replies: 3
    • ☆

    thank u dude 😉

    January 15, 2013 at 12:34 pm #113642
    milomjj
    Member
    • Topics: 2
    • Replies: 3
    • ☆

    also the rent reciveable will be also treated like this?

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