Question

overstating both gross pront
prout by
An organisation's year end is 30 September on 1.1.2016. The organization took out a loan of 1,00,000 with annual
interest of 12%. The interest is payable in equal instalments on the first day of April, July, October and January in
arrears. How much should be charged to the profit and loss account for the year ended 30 September, 2016 and how
much should be accrued on the Balance Sheet?
Profit and Loss Account
Balance Sheet
12,000
3,000
B
39,000
33,000
C
9,000
Nil
D
3.000
19.000​

Answer 1

Answer:

I can't understand your question