I made the final payment on a loan. There is a .03 balance. How do I adjust for the .03 balance.
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I made the final payment on a loan. There is a .03 balance. How do I adjust for the .03 balance.
You have heard of materiality, haven't you? No matter what account you transfer the amount to, it is immaterial but for the sake of accuracy transfer it to loan repayments with the notation adjustment.
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