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From the following information, prepare Note to Accounts on Finance Costs: Interest paid to Bank 75,000; Interest on Debentures 58,000; Loss on issue of
From the following information, prepare Note to Accounts on Finance Costs: Interest paid to Bank 75,000; Interest on Debentures 58,000; Loss on issue of Debentures written off 27,500; and Commitment Charges 15,000. Out of the Following, identify the items that are shown in the Note to Accounts on Finance Costs: (i) Interest paid on Borrowing from prince Finance Ltd.; (ii) Interest paid on Term Loan to Bank; (iii) Interest paid on Public Deposits; (iv) Loss on Issue of Debentures Written off; and (v) Bank Charges.
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
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