Dear Friends
Our clients has loans which we have mapped on MM 55A and facility , we have a challenge in mapping the Accounting entries , the requirement is as per example below,
Upon drawdown
Dr Asset---- $17m
Cr Current portion-----$3m
Cr Long term portion---$14m
These loans are amortised and also note that we have to post unrealised exchange rate gain/loss on both current portion and long term portion.
Your wisdom is greatly appreciated
Regards
Victor Nk