cancel
Showing results for 
Search instead for 
Did you mean: 
ATOZOOK
Level 3

Loan amount adjustment due to re-negotiating

Good Morning,

 

A client has re-negotiated the amount of a loan.  The loan was opened in 2017. (Opening balance equity was used when the loan was set up)  I would like to confirm that I would use an "other income" account to complete the JE.  Yes?  If not, what account would I use?

 

Thank you for your assistance.

 

Vicki

 

Need to get in touch?

Contact us