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Hi
I am trying to work out the accounting entries involved in accounting for a Capital & Interest Repayment Mortgage from the Banks point of view, for years 1, 2, and 3
Am assuming a 25-yr mortgage @ say 4% APR
Any help appreciated – is there a good question / answer that I can refer to please?
Thanks
Think of the accounting entries for a lessee in a finance lease contract (the entries are shown in the free course notes together with examples)
For a lessor, the entries are the mirror image of those for the lessee.
A bank loan, from the banks point of view, is similar to a finance lease lessor
Hope that helps and, no, there are no good questions about it!
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