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Event | Debit | Credit |
Disbursal | Loan Portfolio | Cash |
Principal repayment | Cash | Loan Portfolio |
Interest repayment | Cash | Interest on loans |
Principal Write off | Losses Written Off | Loan Portfolio |
Fees payment | Cash | Income from fees |
Penalty payment | Cash | Income from Penalties |
Initiate Transfer (From Branch A to Branch B) | Transfers in Suspense | Loan Portfolio |
Accept Transfer (In Branch B) | Loan Portfolio | Transfers in Suspense |
Over payment | Cash | Loan Over-payments |
Refund (of Overpaid amount) | Loan Over-payments | Cash |
4.2 Accrual Based accounting Scenario
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