Junior Accounting Qualification (China)
Junior Accounting Title (初级会计职称, China)
LiabilitiesEnglish
Exam overviewPractice session
On January 1, Company P borrows a 6-month operating loan of RMB 600,000 from a bank at an annual interest rate of 4%, with interest paid quarterly and principal repaid at maturity. How should Company P account for the loan interest on January 31?
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