Skip to Content
0
Former Member
Nov 07, 2012 at 09:26 AM

Current Portion of MM Mapped Loans

38 Views

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