Page 353 - FR Integrated Workbook 2018-19

Answers

Example 3 cont.

(W1) Balance Interest Balance
b/f @ 5% Paid c/f

31 December 20X1 31,552 1,578 (10,000) 23,130
31 December 20X2 23,130 1,157 (10,000) 14,287

(NCL)

Note that the non-current liability is still calculated as the balance outstanding
immediately after next year’s payment has been deducted.

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