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Product Type 04I - Interest Upfront payment

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Hi,

 

Product Type 04I

 

Transaction Type - Investment

 

At the time of investment, the upfront interest payment (interest receivable account) will be debited

 

The accounting entry was correctly passed. The upfront interest is defined in the other flows. Is it Correct

 

At the time of sale, the upfront interest payment (interest receivable account) will be credited.

 

How to pass the accounting entry. What are the configuration settings required?

 

 

With regards

raju


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