Chapter 11 - Financial Assets - Amortised Cost Example

DDarren5y ago

Hi, I could be missing something really obvious here, but I'm not understanding how Interest Receivable is an account for the SPL? Maybe it's just the terminology? I think Interest Received is a revenue account and will appear in the SPL, but Interest Receivable sounds like it should be an asset SFP account? Thanks

P2-D2Tutor5y ago#1

Hi, I suppose it is old terminology that I've used but it is referring to the interest income in updated terminology. Thanks

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