Page 8 - Chapter 23 - Interest
P. 8
s 24J – Yield To Maturity Method
Calculate interest deductible/taxable ito
the yield to maturity method
NOT actual interest paid/received in yoa
Interest is spread over the period of
financial arrangement
1 Jan 2015 31 Dec 2015 31 Dec 2016
Acquires Financial Receives interest of
instrument R100 000
