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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Chapter 11 – Financial Assets – Amortised Cost Example
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
Hi,
I suppose it is old terminology that I’ve used but it is referring to the interest income in updated terminology.
Thanks