Loan Relationships - Interest Flashcards by Jasmine Ochogo | Brainscape

Q

Non-trade interest income

A

Bank/building soceity accounts
Debenmtures/loan stock/gilts
Overpaid corporation tax

Non-traade loan relationship income

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Q

Non - trade interest payable

A

purchase let properties
purchase shares in another company
interest on overdue corporation tax

Non-traade loan relationship income

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Q

Trade interest payable

A

Bank overdraft
To purchase P&M
To buy premises to use in trade

Allowable trading expense

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