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On June 1, 2018, AL MADINA INVESTMENT, issued 15 years, 8 %, OMR 1,000,000 face value bonds at OMR 96. Interest is payable each year
On June 1, 2018, AL MADINA INVESTMENT, issued 15 years, 8 %, OMR 1,000,000 face value bonds at OMR 96. Interest is payable each year on June 1 and December 1. The company closes its books of accounts on December 31st every year and the company follows IFRS.
Required:
a) Pass the necessary journal entries in the books of accounts of AL MADINA INVESTMENT for 1
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The Audit Process Principles Practice And Cases
Authors: Stuart Manson, Iain Gray, Louise Crawford
6th Edition
1408081709, 978-1408081709
