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Re: Accruals on Capitalized Interest

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Hi,

 

 

What method of accrual are you using?  If you are using a reset method, then the accrual amount posted is correct because the first month's reversal would have happened on the first date of the second month.

 

So in essence for the month of June, on June 1st there is a reversal for 359589 (the accrual posted on 31st May) and on the 30th June there is an accrual posting of 719178.  Hence in essence, the accrual posted to the G/L for June will be the difference between these two only. 

 

Regards,

Ravi


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