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At the end of the operating period, a rediscount of 7.500 TL has been calculated for the debt securities.   Accordingly, which of the following accounts is correct to use in the posting to be made at the end of the period ?    a) 321 Debt Securities Hs. Credited 7.500 TL  B) 647 Rediscount Interest Income Hs. Creditor 7.500 TL  NS) 657 Rediscount Interest Expenses Hs. Borrower 7.500 TL  D) 647 Rediscount Interest Income Hs. Borrower 7.500 TL  TO) 321 Debt Securities Hs. Borrower 7.500 TL

At the end of the operating period, a rediscount of 7.500 TL has been calculated for the debt securities.   Accordingly, which of the following accounts is correct to use in the posting to be made at the end of the period ?    a) 321 Debt Securities Hs. Credited 7.500 TL  B) 647 Rediscount Interest Income Hs. Creditor 7.500 TL  NS) 657 Rediscount Interest Expenses Hs. Borrower 7.500 TL  D) 647 Rediscount Interest Income Hs. Borrower 7.500 TL  TO) 321 Debt Securities Hs. Borrower 7.500 TL

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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37-a

At the end of the operating period, a rediscount of 7.500 TL has been calculated for the debt securities.
 
Accordingly, which of the following accounts is correct to use in the posting to be made at the end of the period ?
  
 a)

321 Debt Securities Hs. Credited 7.500 TL
 B)

647 Rediscount Interest Income Hs. Creditor 7.500 TL
 NS)

657 Rediscount Interest Expenses Hs. Borrower 7.500 TL
 D)

647 Rediscount Interest Income Hs. Borrower 7.500 TL
 TO) 321 Debt Securities Hs. Borrower 7.500 TL
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