On 1/4/2018 Heba requested Jordan Kuwait bank to increase the guarantee value to become 45000 instead of
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On 1/4/2018 Heba requested Jordan Kuwait bank to increase the guarantee value to become 45000 instead of 30000. cash collateral percentage was 20%, stamps .003, and commissions on guarantee 4% . the guarantee was issued on 1/3/2018 for 3 months.
1- Guarantee commission on 1/4/2018 recorded on Heba credit current account is (JD):
2- the account balance of "Banks obligation against guarantee" after increasing the value of the guarantee become:
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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