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P2-D2.
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nari
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Hello
In 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
P2-D2
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Hi,
I think it is because we are focuses on the accruals concept in profit or loss and not when the cash is paid.
Thanks
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