20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2025 exams.
Get your discount code >>

non trade loan relationship rule

This topic has 1 reply, 2 voices, and was last updated 6 years ago by Tax Tutor.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
December 2, 2018 at 3:27 pm #486789
khanumishq
Member
- Topics: 46
- Replies: 21
I have problem in calculating interest income for non trade loans. In some answers in the revision kit, I have seen they take the value of interest receivable only, while in others they also adjust the opening and closing accruals.
Can you please explain how to calculate it.
December 3, 2018 at 10:52 am #486915
Tax Tutor
Member
- Topics: 2
- Replies: 3965
We always use the loan interest RECEIVABLE in the chargeable accounting period of the company BUT sometimes you have to calculate this figure for yourself – where the question would give you opening and closing accrued amounts and the amount RECEIVED in the period
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.