On 01/09/20x1 the company received an interest-bearing loan of 12000 euros for a period of 8 months. The interest rate was agreed at 8% per annum and the total interest will be paid at the end of the loan together with the capital.

On 01/09/20x1 the company received an interest-bearing loan of 12000 euros for a period of 8 months. The interest rate was agreed at 8% per annum and the total interest will be paid at the end of the loan together with the capital.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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