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General Ledger Entries executed by Eagle Accounting on 01/04/02 :follow.
Debit/Credit | G/L Account Name | Amount & Currency |
|---|---|---|
Debit | Cost of Investments (Local) | 957.50 USD |
Credit | Payable for Investments Purchased (Local) | 957.50 USD |
Debit | Cost of Investments (Base) | 657.76 GBP |
Credit | Payable for Investments Purchased (Base) | 657.76 GBP |
When earnings processing is invoked, Eagle Accounting posts to the following accounts:.
Debit/Credit | G/L Account Name | G/L Account Number |
|---|---|---|
Debit | Cap/Floor Amortization Expense | 1002000100 |
Credit | Cost of Investments | 1010000100 |
Debit | Receivable For Cap/Floor Interest | 1007000590 |
Credit | Cap/Floor Interest Income | 4001000190 |
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