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Non trading loan relationship

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Non trading loan relationship

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by AvatarTax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • November 29, 2015 at 2:27 pm #286139
    AvatarIbrahim
    Member
    • Topics: 41
    • Replies: 79
    • ☆☆

    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

    November 30, 2015 at 2:30 pm #286436
    AvatarTax Tutor
    Member
    • Topics: 2
    • Replies: 3960
    • ☆☆☆☆☆

    In corporation tax we assess interest RECEIVABLE not received!

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