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A limited obtained a loan of N$100 000 on 1 March 2018 at an interest...

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Accounting

A limited obtained a loan of N$100 000 on 1 March 2018 at an interest rate of 10% per annum. The financial year ends on 31 August 2018. Interest expense amounting to N$7 000 has been recognised for the current financial year. The interest expense in the trial balance for the current financial year is

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