Accrued interest Trust Accounts
Sorry I was unable to explain this at last weeks meeting. I do not account for accrued interest but indicate the interest that would be accrued if I did.
Investment #1 matured 23/6/10 reinvested for 6mths not 12 as indicated maturing 23/12/10. from 22/6-30/6 = 8days Investment #2 21/6-30/6 = 10days Investment #3 the same Investment #4 matured 24/5/10 to 30/6/10 = 38days
Trust you can follow this. The figures as presented are correct except that investment #1 should be for 6 months not 12 .