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I am having problem understanding loan notes. Can anyone pls explain it to me? I hav my exm on this saturday so pls help
Can you be more specific ? Maybe give an example on a problem that you could not solve .
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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