Question
Company A gives TL1.200 loan to a customer on 1 November 2015. The customer signed 6 months, 5% promissory note. Assume that interest revenue was
Company A gives TL1.200 loan to a customer on 1 November 2015. The customer signed 6 months, 5% promissory note. Assume that interest revenue was properly accrued on December 31, 2015 for Company A. The entry made at maturity in 2016 will include a credit to:
- interest revenue of TL80
- interest revenue of TL20
- interest receivable of TL80
- interest receivable of TL20
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The Fraud Audit Responding To The Risk Of Fraud In Core Business Systems
Authors: Leonard W. Vona
1st Edition
0470647264, 978-0470647264
