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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › J17 Q1
Sir in this Qs it is mentioned that The bank overdraft will be converted into a 15-year loan on which Chrysos Co will pay a fixed annual interest of 4·50%. Sir while preparing extract of the financial position why examiner has not deducted interest expense from cash?
It is the SOFP immediately after the restructuring. The interest will not be paid until later.
