in exchange of goods bought from ACCT Company in the amount of P600,000. The note has an interest rate of 8%. How much I

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answerhappygod
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in exchange of goods bought from ACCT Company in the amount of P600,000. The note has an interest rate of 8%. How much I

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in exchange of goods bought from ACCT Company in the amount of P600,000.
The note has an interest rate of 8%. How much Interest Income should be
recorded for this particular note in the books of ACCT Company for the year
ended December 31. 2021?
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