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How the will be treated in the financial statement

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Question - On the 02 July 2019 Maxi trading transferred R30000 and 50000 respectively into a fixed deposit with strand Bank. The R50000 invested will mature on 10 july 2020. The interest earned on both fixed deposits is 8% per annum. The year end is 30 June. Discuss using the accounting standards, how the above will be treated in the financial statement as at 30 June 2020.

Reference no: EM133071191

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