 |
Accounting & Bookkeeping & Small Business Forum
Accounting, Bookkeeping, Marketing, and Small Business Resource
|
| View previous topic :: View next topic |
| Author |
Message |
Italy74
Joined: 13 Jun 2006
Posts: 1
|
| Posted: Tue Jun 13, 2006 11:24 am Post subject: Loan Acquisition Costs |
|
|
| I'm trying to figure out wich one is the accounting principle based on what I'm able to capitalize loan acquisition cost and amortize it over the life of the related loan. Does anybody knows which one is the principle? |
|
| Back to top |
|
Monica
Joined: 17 Aug 2005
Posts: 188
Location: Texas
|
| Posted: Wed Jun 21, 2006 6:57 am Post subject: Loan acquisitions cost |
|
|
Hello Italy,
The actual amount of the loan itself (borrowed amount), is the principal.
Monica |
|
| Back to top |
|
| |
|