Question
The balance of bank loan account of Bronson Ltd at 30 June 2018 is $360,000. Interest rate is 9% per annum. Monthly installment amount is
The balance of bank loan account of Bronson Ltd at 30 June 2018 is $360,000. Interest rate is 9% per annum. Monthly installment amount is $24,000. After the installment at 31 August 2018 was paid, what is the balance of the bank loan account?
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
25th Edition
1260247988, 978-1260247985
