Can someone help me out...accounting

[ks136]

http://www.xtremepapers.me/CIE/Internat ... 6_qp_4.pdf

In 1st question part 1...shouldn't the interest be 8.8....why is it 10....??? :evil:
isnt 2.2 prepaid =@

 

[ks136]

Re: Accounting help

Also Q2 oF D SAME paper....how will be the premises revalued.....
please any 1

 

[ks136]

Re: Accounting help

ANYONE

 

[ks136]

HELLLLOOOO!!!!! :Search: :Search: :Search: :Search: :Search:

 

[nirajgrg]

where did u get 2.2 prepaid interest?

 

[ks136]

where did u get 2.2 prepaid interest?

IF U CALCULATE INTEREST ON DEBENTURE...

 

[nirajgrg]

u mean 1.2 (10-8.8)
the trial balance shows interest paid as 10, the examiners report says that it (10) is the interest for the year
maybe 1.2 is interest on other than the debenture
ER also says that many wrote interest as 8.8 and both answers were accepted