ACCA考试《F3财务会计》讲义辅导26.docVIP

ACCA考试《F3财务会计》讲义辅导26 本文由高顿ACCA整理发布，转载请注明出处 16.4 Loan notes: ●A limited company can raise fund by issuing loan notes. 　　●A loan note is a document that is evidence of a debt. 　　●A person will buy a loan note for a set nominal value, e.g. 100. He will loan $100 to the company. 　　●The nominal value of a loan note will be repayable after a certain number of years. 　　●In the meantime, the loan-holder will receive an annual fixed amount of interest based on the nominal value. 　　●The interest incurred is included in “finance cost” in the income statement. 　　EX. A is an incorporated business which needs to raise funds to purchase plant and machinery. On 1 March 20x9, it issues $150,000 10% loan notes, redeemable in 10 years’ time. Interest is payable half yearly at the end of August and February. What accounting entries are required in the year ended December 31 20x9 Solution: 　　1 March 20x9 Dr. Cash 150,000 　　Cr. 10% Loan notes 150,000 　　31 August 20x9 Dr. Finance cost 7,500 　　Cr. Cash 150,000 x 10% x 6/12 7,500 　　31 December 20x9 Dr. Finance cost 5,000 　　Cr. Interest accrual 150,000 x 10% x4/12 5,000 高顿财经ACCA