Question
on 1.9.20x1 the company received an interest-bearing loan of 12000 euros for a period of 8 months. the interest rate was agreed at 8% per
on 1.9.20x1 the company received an interest-bearing loan of 12000 euros for a period of 8 months. the interest rate was agreed at 8% per annum and all interest will be paid at the end of the loan, along with the principal. to make the accounting entry as the adjustment entry at the end of the year.
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College Accounting A Practical Approach
Authors: Jeffrey Slater, Debra Good
14th Canadian Edition
0135222419, 978-0135222416
