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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › question

  • This topic has 1 reply, 2 voices, and was last updated 8 months ago by Tax Tutor.
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  • June 3, 2022 at 9:01 am #657206
    xyzc
    Participant
    • Topics: 352
    • Replies: 127
    • ☆☆☆

    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

    June 3, 2022 at 10:48 am #657231
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    I refer you to my previous answer – have you passed an Accounting exam?

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