- This topic has 1 reply, 2 voices, and was last updated 6 months ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
Is all interest receivable is assessed as interest income or where there is a trading loan relationship the interest receivable is added to the trading profits
There will not be a trading loan made by a company in your exam and therefore all interest receivable will be classed as interest income. There may however be loans taken out by a company that may be either trading or non trading so it will be an issue when dealing with interest payable as explained in the notes and lectures.
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.