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Accounting of investment

IPCC 684 views 1 replies

could anyone explain

How do you calculate the closing balance of the Intrest column...

 

 

thanks

 

Replies (1)

Interest outstanding at the beginning of the year.  Add interet receivable on accrued basis during the year.  Deduct any interest actually received during the eyar.  The balance wold be closing balance.


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