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?
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Financial liability
11y ago#1Interest 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 .......)
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11y ago#3You're welcome
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