Jimmy took out a loan on 1 September2017 to help with the purchase of some new plant andequipment.

He borrowed $27,300 of which $17,300went towards the purchase of new plant and the rest he used asspending money on his holiday.

The repayments were due onthe 1^st day of each month starting as from 1 October2017 of $1500 consisting of $1300 capital and $200interest. 13,500

The costs associated with obtainingthe loan were $400 and the loan was for 3years

On 30 June 2018 Jimmy prepaid theloan repayments for the next 12 months 1 July 2018 to 30 June2019 18,000

Payment to his accountant forcompleting his income taxreturns 4,300

Advice from his legal advisor on thebenefits of changing his structure from its current mode of a soletrader to acompany 1,500

Question:

From the above information, whichaccount will go under Less allowable deductions?