Hello,
I would like to know the implication of a loan becoming non-performing. In
that, are there any accounting entries generated, example, transfer the
balance or reverse a portion of the interest?
Does the system halt any processes, for example, stop accruing interest?
What criteria take the loan out of a non-performing state and what entries
and/or processes the system does at that time?
Thanks and regards,
Chadwick Bennett
Tel: 876 354 3111
Skype: chadwick.bennett
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