Accounting of accrued loan interest of €500 2. Of the total amount of €3,500 that referred to accrued wages, €3,000.00 was paid while the rest is due. journal entries
Accounting of accrued loan interest of €500 2. Of the total amount of €3,500 that referred to accrued wages, €3,000.00 was paid while the rest is due. journal entries
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. Accounting of accrued loan interest of €500
2. Of the total amount of €3,500 that referred to accrued wages, €3,000.00 was paid while the rest is due.
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for the (1)st question: is wrong to make the below
| S. No | Particulars | Debit Amt € | Credit amt € |
| 1. | Interest expense | 500 | |
| Loan | 500 |
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