Hi. please help me out
Loan interest receivable 32,800
Accrued at 1 April 2014 10,600
Accrued at 31 March 2015 (11,300)
Loan interest received 32,100
The loan was made for non-trading purposes.
the answer given is 32,800 not 32,100.
my question is why only 32,800 is taken as an answer.
thanks
Ask the Tutor ACCA TX-UK
Non trading loan relationship
In corporation tax we assess interest RECEIVABLE not received!
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