Accounting Entries for CoAcceptance Availization

10.38 Accounting Entries for CoAcceptance Availization

Set up event-wise accounting entries for the product as suggested below.

Accounting entry of BCAC event with acceptance interest component with the collection method as Advance:

Event: BCAC

Table 10-354 BCAC - Accounting Entries

Corresponding accrual entries on ACCR event are:

Table 10-355 Event: ACCR

Accounting Role	Amount Tag	Dr/Cr Indicator
<Component>RIA	<Component>_ACCR	Dr
<Component>INC	<Component>_ACCR	Cr

Accounting entry of BCAC event with acceptance interest component and CoAcceptance interest component with collection method as Advance,

Table 10-356 Event: BCAC

Corresponding accrual entries on ACCR event would be

Table 10-357 Event: ACCR

Following are the Accounting entry for CoAcceptance commission with the collection method as Arrears,

Table 10-358 Event: LCAC

Accounting Role	Amount Tag	Dr/Cr Indicator
BC CUSTOMER	<Component>LIQD	DR
<Component>REC	<Component>LIQD	CR

Following are the Accounting entry for both the commission to be collected in Arrears:

Table 10-359 Event: ACCR

Accounting Role	Amount Tag	Dr./Cr. Indicator
<Co AcceptanceComponent>REC	<CoAcceptanceComponent>_ACCR	DR
<Co AcceptanceComponent>INC	<CoAcceptanceComponent>_ACCR	CR
<AcceptanceComponent>REC	<AcceptanceComponent>_ACCR	DR
<AcceptanceComponent>INC	<AcceptanceComponent>_ACCR	CR

Following are the Accounting entry for both the commission to be collected in Arrears

Table 10-360 Event: LCAC

Accounting Role	Amount Tag	Dr./Cr.Indicator
BC CUSTOMER	<CoAcceptanceComponent>_LIQD	DR
<CoAcceptanceComponent>R EC	<CoAcceptanceComponent>_LIQD	CR
BC CUSTOMER	<AcceptanceComponent>_LIQD	DR
<AcceptanceComponent>REC	<AcceptanceComponent>_LIQD	CR

Parent topic: Annexure B - Accounting Entries and Advices