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From "Emmanuel Nnaa (JIRA)" <j...@apache.org>
Subject [jira] [Created] (FINERACT-95) Reversal of interest accrued for NPAs
Date Mon, 21 Mar 2016 13:53:25 GMT
Emmanuel Nnaa created FINERACT-95:
-------------------------------------

             Summary: Reversal of interest accrued for NPAs
                 Key: FINERACT-95
                 URL: https://issues.apache.org/jira/browse/FINERACT-95
             Project: Apache Fineract
          Issue Type: New Feature
            Reporter: Emmanuel Nnaa
            Assignee: Markus Geiss


any income accrued on loans classified as non-performing (normally 30 days), should be reversed
using the following booking:
Dr. Interest Income
Cr. Suspended Interest
Whenever a loan that was non-performing starts repayment on time and is therefore no longer
non-performing, then the Suspended Interest should be booked back into the Interest Income
Account.



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