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*This section needs to be revisited in detail
5 Accounting rules for
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Savings
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5.1
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COA Snippet
HEAD | Placeholder |
Assets | Cash |
Income | Income from fees |
Income from Penalties | |
Expenses | Interest for Savings |
| Liability | Savings Control |
5.
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2 Posting Rules
Event | Debit | Credit |
Deposit | Cash | Savings Control |
Withdrawal | Savings Control | Cash |
Interest posting | Interest for Savings | Savings Control |
Fees payment | Cash | Income from fees |
Penalty payment | Cash | Income from Penalties |
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