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Posted to issues@fineract.apache.org by "Michael Vorburger (Jira)" <ji...@apache.org> on 2020/04/12 10:50:00 UTC

[jira] [Updated] (FINERACT-95) Reversal of interest accrued for NPAs

     [ https://issues.apache.org/jira/browse/FINERACT-95?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]

Michael Vorburger updated FINERACT-95:
--------------------------------------
    Labels: functional  (was: )

> Reversal of interest accrued for NPAs
> -------------------------------------
>
>                 Key: FINERACT-95
>                 URL: https://issues.apache.org/jira/browse/FINERACT-95
>             Project: Apache Fineract
>          Issue Type: New Feature
>            Reporter: Emmanuel Nnaa
>            Priority: Major
>              Labels: functional
>
> any income accrued on loans classified as non-performing (normally 30 days), should be reversed using the following booking:
> Dr. Interest Income
> Cr. Suspended Interest
> Whenever a loan that was non-performing starts repayment on time and is therefore no longer non-performing, then the Suspended Interest should be booked back into the Interest Income Account.



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