Banking
Corporate Term Loan — Quarterly Repayment
Collecting the quarterly principal repayment plus interest on a corporate term loan.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Customer Account (Debit) | Liability (-) | 55,000.00 | - |
| Corporate Loans (Principal) | Asset (-) | - | 50,000.00 |
| Accrued Interest Receivable (Cleared) | Asset (-) | - | 5,000.00 |
💡 Accountant's Note
Quarterly repayments on term loans are standard for corporate borrowers. The collection splits between principal (reduces the balance sheet asset) and interest (clears the accrued receivable already in P&L).
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