Question
Answer the following assuming a balance date of 30 June 2016. Journal narrations are not required. Rance Ltd entered into a loan of $10,000 on
Answer the following assuming a balance date of 30 June 2016. Journal narrations are not required.
- Rance Ltd entered into a loan of $10,000 on 1 February 2016 and was being charged interest at 6% simple per annum.
Prepare any required general journal adjusting entry for the financial year assuming no payment of interest has been made.
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Business Security Audit And Review Toolkit The Modern Toolkit For Security And Risk Professionals To Grow Their Business And For The Business Owners.
Authors: L Burke Files, Gamal Newry, Ibrahim Yeku
1st Edition
1674831315, 978-1674831312
