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little URGENT ( accounting /statement of comprehensive income)

On 1 December 2012 a 6% Bank loan was
received from Ascot Bank for £200 000, repayable on 30 November 2022. The Bank also
charged an arrangement fee of £4 250 for the loan.
Do you think there will be LOAN INTEREST OF 1000 when preparing statement of comprehensive income? if there is,how??

Reply 1

DJKL

Original post by riskanya

Their year end must be 31 December 2012. If that is the case then £200,000 @6%= £12,000 per year, one month's costs from 1/12-31/12/12 would be £1,000.

Reply 2

riskanya

Original post by DJKL

Their year end must be 31 December 2012. If that is the case then £200,000 @6%= £12,000 per year, one month's costs from 1/12-31/12/12 would be £1,000.