20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2024 exams.
Get your discount code >>

corporation tax – Loan interest received

This topic has 1 reply, 2 voices, and was last updated 9 years ago by Kyaw.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
November 27, 2014 at 2:44 pm #213834
Kamila
Member
- Topics: 16
- Replies: 10
Loan interest receivable 32800
accrued at 1 april 2013 10600
accrued at 31 march 2014 (11300)
———–
loan interest received 32100
loan made for non-trading purposes
The question is to prepare a corrected version
N in some questions we would have taken the whole amount n calculated but in this sum only 32800 is taken .
what are the rules regarding this interest receivable ?
November 27, 2014 at 5:18 pm #213898
Kyaw
Member
- Topics: 31
- Replies: 37
10600 is related to 2012-13. Loan intrest received 32100 includes intrest of 10600. which relates to 2012-13. Therefore what we received for 2013-14 is 21500 (32100-10600).
Intrest related to 2013-14 is 32800 (21500+11300)
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.