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Loan interest received
Loan interest receivable 32800
Accrued at 1 April 2021 10600
Accrued at 31 march 2022 (11300)
Loan interest received 32100
This is for the year ended 31 march 2022
Why have 32800 and 10600 been added and 11300 been deducted. to arrive at loan interest received
Also are loan interest received and loan interest receivable the same thing. what is the difference.
Also which figure loan interest received or loan interest receivable included on a company’s balance sheet.
Also which figures will be added and subtracted to arrive at loan interest receivable and why
I refer you to my previous answer – have you passed an Accounting exam?