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need help COmpany accounts

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › need help COmpany accounts

  • This topic has 2 replies, 3 voices, and was last updated 13 years ago by Vipin .
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  • November 14, 2011 at 11:24 am #50481
    aynsky
    Member
    • Topics: 5
    • Replies: 6
    • ☆

    I am having problem understanding loan notes. Can anyone pls explain it to me? I hav my exm on this saturday so pls help

    November 14, 2011 at 2:43 pm #89671
    ramonacraciun
    Member
    • Topics: 5
    • Replies: 10
    • ☆

    Can you be more specific ? Maybe give an example on a problem that you could not solve .

    November 17, 2011 at 5:51 am #89672
    Vipin
    Member
    • Topics: 151
    • Replies: 374
    • ☆☆☆☆

    A loan note is a document that is evidence of a debt.
    A limited company can raise funds by issuing loan notes. when a person buy loan notes he is effectively loaning to company.The loan will be repayable after a certain no of years, meantime , the loan holder gets interest. the interest paid is included in finance cost in the income statement.

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