Adjusting Entries Explained with examples
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- čas přidán 1. 07. 2024
- In this session, I discuss adjusting entries.
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Make video on MCQ
For example 3, it would be x3/4 and x1/4 right? because it is a 4-month note? Why pay 300 interest on 3 months and 400 on the last one for a flat 10% interest.
Because the interest due is calculated as four months over 12 months, ie 4/12 or 1/4.
so messy