Banking
Interest Income Accrual — Performing Loan
Accruing monthly interest on a current (Stage 1) loan that is paying on time.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Accrued Interest Receivable (Loans) | Asset (+) | 8,333.00 | - |
| Interest Income (Loans & Advances) | Revenue (+) | - | 8,333.00 |
💡 Accountant's Note
Interest on performing loans is recognized on the accrual basis. A JOD 1,000,000 loan at 10% p.a. earns JOD 8,333/month of interest income regardless of when the customer actually pays.
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