Payables and Cash Management - EBS (MOSC)

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How to take Loan, Refund & Interest Amount entries in Oracle AP for Loans.

edited May 20, 2017 5:00AM in Payables and Cash Management - EBS (MOSC) 1 commentAnswered

Hi Experts,

Reference to the subject we are looking for the suitable Oracle treatment about the Loans, refund and Mark-up amount entries against the Loans. Below is the detailed scenario.

Example:     Our company has given the loan of 100000/- SR to the Bank on basis of 3 months credit term. Bank has refund the Loan amount with Mark-up amount of 102000/- SR. So that the 2000/- SR is considered to be as mark-up amount.

We need a best workaround and the practice how to process it through Oracle AP? Looking for complete practice with appropriate accounting treatment.

Regards

Kaleem A. Bhatti

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