Question
16 Firm takes out a loan amounting 30.000 TL on 1 March 2015. Maturity is 24 months, monthly interest is 5%. Money is transferred to
16 Firm takes out a loan amounting 30.000 TL on 1 March 2015. Maturity is 24 months, monthly interest is 5%. Money is transferred to the bank account. The loan will be paid in monthly installments. Amount of the monthly payment is 2.174 TL. Which one is not included in the record for 1 March 2015?
No | Months | Beginning | Payment | Interest | Principal | Ending |
Balance | Balance | |||||
1 | March 2015 | 30.000 | 2.174 | 1500 | 674 | 29.326 |
2 | April | 29.326 | 2.174 | 1466 | 708 | 28.618 |
3 | May | 28.618 | 2.174 | 1431 | 743 | 27.875 |
4 | June | 27.875 | 2.174 | 1394 | 780 | 27.095 |
5 | July | 27.095 | 2.174 | 1355 | 819 | 26.276 |
6 | August | 26.276 | 2.174 | 1314 | 860 | 25.416 |
7 | September | 25.416 | 2.174 | 1271 | 903 | 24.512 |
8 | October | 24.512 | 2.174 | 1226 | 948 | 23.564 |
9 | November | 23.564 | 2.174 | 1178 | 996 | 22.568 |
10 | December | 22.568 | 2.174 | 1128 | 1.046 | 21.523 |
11 | January 2016 | 21.523 | 2.174 | 1076 | 1.098 | 20.425 |
12 | February | 20.425 | 2.174 | 1021 | 1.153 | 19.272 |
13 | March | 19.272 | 2.174 | 964 | 1.210 | 18.061 |
14 | April | 18.061 | 2.174 | 903 | 1.271 | 16.791 |
15 | May | 16.791 | 2.174 | 840 | 1.334 | 15.456 |
16 | June | 15.456 | 2.174 | 773 | 1.401 | 14.055 |
17 | July | 14.055 | 2.174 | 703 | 1.471 | 12.584 |
18 | August | 12.584 | 2.174 | 629 | 1.545 | 11.039 |
19 | September | 11.039 | 2.174 | 552 | 1.622 | 9.417 |
20 | October | 9.417 | 2.174 | 471 | 1.703 | 7.714 |
21 | November | 7.714 | 2.174 | 386 | 1.788 | 5.925 |
22 | December | 5.925 | 2.174 | 296 | 1.878 | 4.047 |
23 | January 2017 | 4.047 | 2.174 | 202 | 1.972 | 2.076 |
24 | February | 2.076 | 2.174 | 104 | 2.070 | 6 |
Select one:
a Bank Loans(LT) 19.272 credit
b Short-term Portion of LT Debt 10.728 credit
c Banks debit 30.000
d Bank Loans(LT) 30.000 credit
17 Which one of the following is not true about the leasehold improvements?
Select one:
a Leasehold improvements are amortized.
b Both straigt-line and double declining methods are used for amortisation of leasehold improvements.
c The amortisation period is 5 years for leasehold improvements.
d Only straight-line method is used for amortisation of leasehold improvements.
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