Thursday, December 24, 2009

Reverse Amortization Schedule Loan A Is Paid Monthly On The 5th Of The Month Based On An Amortization Schedule.?

Loan A is paid monthly on the 5th of the month based on an amortization schedule.? - reverse amortization schedule

(Continued)
The B-loan interest and principal payable at maturity in 15 months. The interest on loans at the end of the month collected. Which setting log entry (entries) is (are) reversed by early next month?

a. Loan B will be reversed.
b. A loan must be reversed.
c. The accrued interest must be reversed.
d. Neither the accrued interest must be reversed.

I chose one, and it was wrong.

Thank you for your help! Do you appreciate that!

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