Question
The accrual of interest of $3,500 on a treasury bill purchased at a discount is recorded using a: a) DR. Investment at Amortized Cost, CR.
The accrual of interest of $3,500 on a treasury bill purchased at a discount is recorded using a:
a) DR. Investment at Amortized Cost, CR. Interest Revenue
b) DR. Investment Income or Loss, CR. Short-Term Investment
c) DR. Interest Receivable, CR. Investment Income or Loss
d) DR. Cash, CR. Investment Income or Loss.
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Certificate Of Cloud Auditing Knowledge Study Guide
Authors: Isaca
1st Edition
1604208619, 978-1604208610
