Ask Experts Questions for FREE Help !
Ask
    purplejul's Avatar
    purplejul Posts: 2, Reputation: 1
    New Member
     
    #1

    Aug 22, 2009, 07:47 PM
    Making adjusting entries for a change in interest rates
    Hello:

    I am trying to determine the correct adjusting entries to be made when interest rates change.

    Thank you,

    Julie
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
    Ultra Member
     
    #2

    Aug 23, 2009, 03:31 AM

    Adjustments in Interest Amounts should be automatically picked up from the Bank Statements.
    If any attempt is made in forecasting any
    Changes, the real figures have to be adjusted to when revealed by the Bank.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Adjusting journal entries from adjusting column of work sheet [ 2 Answers ]

How can I prepare necessary adjusting journal entries (a) through (e) by using the following information from the Adjustments columns of a 10-column work sheet. Interest recievable (d)$880 Office supplies ...

Adjusting Entries /w interest? [ 2 Answers ]

Hello, I am doing Adjusting Entries in my accounting course, and am unsure about one part of a question. "John Doe opened a new dental practice on January 1, 2004, prepare adjusting entries as of January 31." Here is the question I am unsure about: Purchased dental equipment on January...

Yields, exchange rates and interest rates [ 1 Answers ]

When interest rates falls, then bond prices rise and yields fall. However, when the exchange rate falls, investors demand less bonds, price of bond falls and yields rise. So what happens in an environment of falling interest rates and depreciating exchange rate- the 2 are opposing consequences-...


View more questions Search