Question
7.The January invoice for water and electricity of R550 has still not been pai d. 8. Interest expense on bank loans is calculated at 15%
7.The January invoice for water and electricity of R550 has still not been pai d. 8. Interest expense on bank loans is calculated at 15% per annum. The loan was received on 31 December 2018 for an amount of R10 000. The Interest was paid monthly. The capital repayment is only due on 31 December 2022.
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Auditing The Art and Science of Assurance Engagements
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones
14th Canadian edition
134613112, 134835018, 9780134885254 , 978-0134613116
