example 2 of Giedrius was easily understood in relation to calculating the current and longterm portion of oblighation but in Giedruola I didnt understand the how 13295 fig was considered as obligation of current y/e and 11583 falling due after 12 months?
Ask the Tutor ACCA FR
Leasses current and long term portion
Hi, it's exactly the same principles as with Giedrius.
Ask yourself, "at the year end, how much CAPITAL was outstanding?"
If you're still stuck, post again
OK... got it... the payment was in next period and interest was separately accrued... thanks
You're welcome
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