DETAILED SOLUTIONS TO THE ASSIGNMENT THAT ARE EASY TO FOLLOW AND UNDERSTAND. GUARANTEED DISTINCTION!
I accept bank deposits made at bank tellers and ATM's. Drop me a private message
DR CR
R R
1 July 2019
Bank (SFP) 6 650 000
Debenture Liability (SFP) 6 650 000
Recognise financial liability at fair value minus
transaction costs
30 June 2020
Finance Cost (P / L) 1 025 039
Bank (SFP) 900 000
Debenture Liability (SFP) 125 039
Recognise finance cost and payment of coupon
interest
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