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Former Member
Aug 08, 2007 at 06:23 AM

Loans and Interest Calculation

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Hi gurus,

Please tell me how should i deal with Loans and interest calculation.

1.Should i keep different GL Account for each Term Loan or

2.Should i keep 1 term loan Account as reconciliation account and different term loans as vendor.

If option 2 to be used, then how can i handle interest calculation.

Please revert asap.

Thank You