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MBA 501 SEPT-DEC 2021 CAT Part A D. Don has a term loan. The following...

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MBA 501 SEPT-DEC 2021 CAT Part A D. Don has a term loan. The following details are available in relation to the term loan for the year ended 31 December 2020: On 1 January 2020 D. Don owed the bank Ksh75,000 by way of a term loan. On 1 May 2020 D. Don borrowed an additional Ksh20,000. On 28 December 2020 D. Don repays Ksh10,000 of the loan. During the year ended 31 December 2020 the interest rate applicable on D. Don's loan was 5%. . You are required to: i. Prepare the Loan T Account for D. Don for the year to 31 December 2020. 2 Marks ii. In brief outline the difference between capital and revenue expenditure, 3 Marks

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