The fixed deposit account reflected a balance of R120000 in the pre-adjustment trial...
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Accounting
The fixed deposit account reflected a balance of R in the preadjustment trial balance of GH Stores on February the end of the financial year The interest on fixed deposit reflected a total of R on the same date. If the investment in fixed deposit was made on June at an interest rate of per annum, which of the following statements is correct? A Current liabilities will increase by R B The accrued income amounted to R C Current assets will increase by R D R was earned for interest on fixed deposit.Y 
The fixed deposit account reflected a balance of R in the preadjustment
trial balance of GH Stores on February the end of the financial year The
interest on fixed deposit reflected a total of R on the same date. If the
investment in fixed deposit was made on June at an interest rate of per
annum, which of the following statements is correct?
A Current liabilities will increase by R
B The accrued income amounted to R
C Current assets will increase by R
D R was earned for interest on fixed deposit.Y
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