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Financial liability

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Financial liability

  • This topic has 3 replies, 2 voices, and was last updated 10 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • May 21, 2015 at 5:31 am #247499
    Green Activist
    Member
    • Topics: 22
    • Replies: 18
    • ☆

    If financial liability or financial asset arises in mid year, will the
    1) intrst payable(finance cost)

    2)interst recivable(investment income)

    and

    3) annual payments be time apportioned?

    May 21, 2015 at 8:31 am #247530
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23334
    • ☆☆☆☆☆

    Interest will certainly be time apportioned

    Payments are payments.

    When you buy fuel for your car, do you time apportion it? (Pay $5 now, $5 next week, $5 the week after …….)

    May 22, 2015 at 2:37 pm #247961
    Green Activist
    Member
    • Topics: 22
    • Replies: 18
    • ☆

    Thank uu vvry much….
    I’m vry grateful to you for ur best aswers….

    May 22, 2015 at 10:10 pm #248003
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23334
    • ☆☆☆☆☆

    You’re welcome

  • Author
    Posts
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