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Gizmo Traders has a long-term loan at Vice Bank for R150 000. On 28 February 20.1, the end of the financial year, the interest on
Gizmo Traders has a long-term loan at Vice Bank for R150 000. On 28 February 20.1, the end of the financial year, the interest on long-term loan account had a debit balance of R10 000. At the end of the financial year, it was determined that interest at a rate of 10% must still be provided for the long-term loan for four months
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