Accounting straight line method loan
[PDF File]Accounting Principles Question Paper, Answers and ...
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Bank loan 15,000 245,485 245,485 You are given the following additional information: Closing stock, as at 31.12.2012, £10,200 Depreciation is to be charged as follows: Land and buildings 1% straight-line method Office equipment 10% straight-line method Motor vehicles 20% reducing balance method
[PDF File]classification and timing
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In accounting, a distinction is made between ... The straight line method is usually expressed as a percentage (eg 20% per annum) but it might also be expressed in terms of the useful economic life of the asset. ... If a loan is raised, we will create a loan account with a credit entry,
[PDF File]Loan Repayment Methods - UT Mathematics
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Loan Repayment Methods 1 Amortized Loans 2 The Sinking Fund Method. The Set-up • When a loan is an amortized loan, each payment is understood to consist of: 1. the interest due on the outstanding loan balance; ... • This repayment method is referred to as the sinking fund method
[PDF File]Financial Accounting Exercises - Alison
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Financial Accounting Exercises . Exercises Depreciation Case Study Calculations: Straight line • = $15 000 - $3000 = $12 000/6 years = $2000 X 9/12 = $1500 In this first calculation the asset has only been in the possession of the business for 9 months and this has to be factored into the calculation.
[PDF File]Statement of Statutory Accounting Principles No. 45 ...
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calculated on the straight-line method or the scientific interest (constant yield) method, over the term of the agreement. 5. Reporting entities generally take possession of the underlying collateral under repurchase agreements and in many cases may obtain additional collateral when the estimated fair value of …
[PDF File]Advanced Level Accounting - Edexcel
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Oct 12, 2016 · (3) Some bank loan interest was outstanding. The bank loan commenced 1 October 2015. (4) Depreciation is charged as follows: • aircraft at the rate of 8% per annum using the straight line method • computers and fixtures at the rate of 20% per annum using the reducing balance method.
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