Active TopicsActive Topics  Display List of Forum MembersMemberlist  Search The ForumSearch  HelpHelp
  RegisterRegister  LoginLogin
FAR STUDY GROUP
 CPAnet Forum : FAR STUDY GROUP
Subject Topic: Accrued Interest (Topic Closed Topic Closed) Post ReplyPost New Topic
  
Author
Message << Prev Topic | Next Topic >>
oceana142
Newbie
Newbie


Joined: 02 Jan 2006
Online Status: Offline
Posts: 10
Posted: 30 Apr 2012 at 17:22 | IP Logged  

Let's say you have two loans.  One is a revolver and the other is a mortgage with an amortization schedule. 

I know to accrue the interest from the revolver that has been incurred but not been paid at the end of a fiscal period.  But what about the mortgage? 

I have the mortgage principal in an account but do I also have to book accrued interest for it ?  Payment is due the tenth of every month.  Would I also book 10 days of interest to an accrued interest account?

Back to Top View oceana142's Profile Search for other posts by oceana142
 



Sorry, you can NOT post a reply.
This topic is closed.


  Post ReplyPost New Topic
Printable version Printable version

Forum Jump
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot delete your posts in this forum
You cannot edit your posts in this forum
You cannot create polls in this forum
You cannot vote in polls in this forum

Powered by Web Wiz Forums version 7.9
Copyright ©2001-2010 Web Wiz Guide

This page was generated in 0.1055 seconds.

Copyright © 1996-2016 CPAnet/MizWeb Communities All Rights Reserved
Twitter
|Facebook |CPA Exam Club | About | Contact | Newsletter | Advertise & Promote