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JUNE 2015- Clarion

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › JUNE 2015- Clarion

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by MikeLittle.
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  • November 24, 2016 at 5:14 pm #351226
    az247
    Member
    • Topics: 3
    • Replies: 0
    • ☆

    Dear Sir,
    In the above mentioned question, why isn’t accrued interest added to Current Liability($800), given that only 6 months interest has been paid?

    November 24, 2016 at 8:11 pm #351266
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23365
    • ☆☆☆☆☆

    Is this not it in working (ii) Finance costs?

    “8% loan notes (800 trial balance + 800 suspense account (w (vii))) 1,600”

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