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    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
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    #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.
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