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  • Interest Accrual Program - 20006

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    Mohan
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    1) The loan accrual accounting report shows that 1 loan was processed successfully for SHAF Test Customer with loan number 20006. 2) The loan accrued $2,794.77 in interest from January 10, 2018 to April 30, 2018 based on a balance of $100,000 and an interest rate of 9.19%. 3) The interest income of $2,794.77 was credited to account 01-00-000-100006-000 and interest receivable of $2,794.77 was debited to account 01-00-000-100005-000.

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    Accrual

    Original Title

    Interest Accrual Program- 20006

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    1) The loan accrual accounting report shows that 1 loan was processed successfully for SHAF Test Customer with loan number 20006. 2) The loan accrued $2,794.77 in interest from January 10, 2018 to April 30, 2018 based on a balance of $100,000 and an interest rate of 9.19%. 3) The interest income of $2,794.77 was credited to account 01-00-000-100006-000 and interest receivable of $2,794.77 was debited to account 01-00-000-100005-000.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    17 views1 page

    Interest Accrual Program - 20006

    Uploaded by

    Mohan
    1) The loan accrual accounting report shows that 1 loan was processed successfully for SHAF Test Customer with loan number 20006. 2) The loan accrued $2,794.77 in interest from January 10, 2018 to April 30, 2018 based on a balance of $100,000 and an interest rate of 9.19%. 3) The interest income of $2,794.77 was credited to account 01-00-000-100006-000 and interest receivable of $2,794.77 was debited to account 01-00-000-100005-000.

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    of 1

    Loans 21-Apr-2019

    Loan Accrual Accounting Report Report Date

    Page 1/1

    Borrower Name
    Ledger Name SHELTER-AFRIQUE
    Operating Unit
    Loan Number 20006
    Accrual Date 30-Apr-2018
    Running Mode DRAFT
    Number of loans processed successfully 1
    Number of loans unsuccessfully processed 0
    Total Number of Loans Processed 1

    Loans processed successfully:


    Loan Number 20006 Borrower Name SHAF Test Customer
    Operating Unit SHAF HQ Ledger Name SHELTER-AFRIQUE
    Loan Start Date 10-Jan-2018 Loan Currency USD
    Last Payment Number Last Billed Due Date
    Accrual Date 30-Apr-2018 Last Accrual Date
    Accrual Period ResultS
    Interest Accrued 2,794.77
    Interest Accrued Details Normal Interest = 2794.77 (Period 10-JAN-2018 - 30-APR-2018 * Balance 100000 * Rate
    9.19%)

    Accounting Name Code Combination Id Account Type Distribution Percent Distribution Amount Distribution Type
    INTEREST_INCOME 01-00-000-100006-000 CR 100 2794.77 ACCRUAL
    -000000-0000-0000-00
    00-0000
    INTEREST_RECEIVABLE 01-00-000-100005-000 DR 100 2794.77 ACCRUAL
    -000000-0000-0000-00
    00-0000

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