Loans

Loans


Some companies may resort to borrowing from others for lack of cash needed to pay off the obligations or for the purpose of expansion and further proliferation and increase the production lines.

The accounting treatment of loans
obtained by established others represent financial obligations due for payment on the due date, when you get established on a loan to be the opening of a special account for the loan is a secured creditor the value of the loan recipient, when the loan or part thereof in the debtor party becomes as follows:

obtaining the loan the
debtor and the secured creditor
from the h/ Statement xxx
xxx h) fund to
receive the loan amount in cash loan
under the loan or part of the
debtor and the secured creditor
from the h/ Statement xxx
xxx h) loan to fund the
loan or part of the
accounting treatment of the benefits of loans
in case there is interest on the loan are the expense incurred in the way of getting this loan, and are recorded in the Books judged according to the method of payment:

1 if the deduction of interest rates The value of the loan recipient check limitation:

Under the receipt of the loan after the deduction of the interest owed to the
creditor of the debtor's statement
of the Securityof
xxx h) Fund
xxx h) The benefits of loans
xxx to h/ loan
under the receipt of the loan after the deduction of interest expenses of the value of the loan directly
2 if it was agreed that the payment of the value of the interest rate on the limitation periods then recorded the following:

Under the payment of accrued interest in cash the
debtor and the secured creditor statement
xxx of h/ The benefits of loans
xxx to h/ The fund
pay the interest due in cash
Share :

Add New Comment

 Your Comment has been sent successfully. Thank you!   Refresh
Error: Please try again