OT notes and lecture, page 9, example 3-Viesturs acquired 70% of BaibaForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › OT notes and lecture, page 9, example 3-Viesturs acquired 70% of BaibaThis topic has 1 reply, 2 voices, and was last updated 9 years ago by P2-D2.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts June 24, 2016 at 3:56 am #323946 nariMemberTopics: 261Replies: 176☆☆☆HelloIn the lecture there was a $600,000 charge at the end. I do not understand why this 10% of the 6 mil is charged as interest since the last payment of 6 mil was made on 30 Sep 2011 along with the interest payment of $545,545. Kindly explain.Regards June 27, 2016 at 7:47 pm #324271 P2-D2KeymasterTopics: 4Replies: 7163☆☆☆☆☆Hi,I think it is because we are focuses on the accruals concept in profit or loss and not when the cash is paid.ThanksAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In