RECONCILLING INTEREST RECEIVED

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tomtom
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RECONCILLING INTEREST RECEIVED Jul 30, 2016 18:19:34 GMT

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Post by tomtom on Jul 30, 2016 18:19:34 GMT

I was suprised to see that the interest received by adding individual interest received under headings, Live loans+selling loans+sold loans+ repaid loans does not equall the interest received over the same period when compared to total interest received.
Why is this?

tomtom
Member of DD Central

Posts: 262

Likes: 39

RECONCILLING INTEREST RECEIVED Jul 30, 2016 18:57:19 GMT

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Post by tomtom on Jul 30, 2016 18:57:19 GMT

Jul 30, 2016 18:53:14 GMT MONEY said:

Probably because interest payments for July are not due so they have not been received yet, whereas total interest under the headings you list accrues daily.

Thank you for your reply I think you are correct will check the balances at the end of month.

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