Chap09_2e wiley principle of Accounting.pptVIP

NOTES RECEIVABLE continued Accounting issues Determining maturity dates Computing interest Recognising notes receivable Valuing notes receivable Selling notes receivable PowerPoint presentation by Dr Anne Abraham, University of Western Sydney * Determining the maturity date The life of the note may be expressed in terms of months days 1. Life of note expressed in months The due date is found by counting the months from the date of issue e.g., Maturity date of a 3 month note dated 1 May is 1 August PowerPoint presentation by Dr Anne Abraham, University of Western Sydney * LO5 Determining the