India Loan Carrying Value

Joined
Mar 16, 2015
Messages
2
Reaction score
0
Country
India
Hi I am looking for guidance on the carrying value of a loan ? How is this calculated from an impairment calculation perspective ?
 

kirby

VIP Member
Joined
May 12, 2011
Messages
2,445
Reaction score
332
Country
United States
Loan carrying value is the amount of the loan per your accounting books. Assume you had a $200,000 loan on the books. It is deemed to be impaired and $20,000 is written off. Now the books show a $200,000 debit in the loan acct and a $20,000 credit balance in a Contra Loan acct "Impairments". So there is a net $180,000 on the books and that is also the carrying value of the loan.
 
Joined
Mar 16, 2015
Messages
2
Reaction score
0
Country
India
Kirby, thanks very much. Would you know the treatment of fee, costs and EIR if evaluating the carrying amount over a period of time.
if for example the fees was 12500, cost 25000 and an eir of 5 % ?
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top