RE.CONSOL.SPEC.ENTRY!!!
- talha
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16 years 6 months ago #3159
by talha
RE.CONSOL.SPEC.ENTRY!!! was created by talha
Dear All,
Following are the entries made by system when a MONEY MARKET contract is created.
STMT.ENTRY Debit client account USD 1million dr
RE.CONSOL.SPEC.ENTRY Credit to liability, type LIVECR for USD 1million cr
Following are the entries when the contract is matured.
STMT.ENTRY Credit client account (prin.) USD 1million cr
RE.CONSOL.SPEC.ENTRY Debit to liability, type LIVECR for USD 1million dr
My question is that is it possible to post these entries via FUNDS.TRANSFER. If yes than how can i do it. The customer account can either be debited or credit but how can i debit or credit LIVECR liability???
Thank you,
Regards,
Talha
Following are the entries made by system when a MONEY MARKET contract is created.
STMT.ENTRY Debit client account USD 1million dr
RE.CONSOL.SPEC.ENTRY Credit to liability, type LIVECR for USD 1million cr
Following are the entries when the contract is matured.
STMT.ENTRY Credit client account (prin.) USD 1million cr
RE.CONSOL.SPEC.ENTRY Debit to liability, type LIVECR for USD 1million dr
My question is that is it possible to post these entries via FUNDS.TRANSFER. If yes than how can i do it. The customer account can either be debited or credit but how can i debit or credit LIVECR liability???
Thank you,
Regards,
Talha
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- thisisavin
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16 years 6 months ago #3167
by thisisavin
Replied by thisisavin on topic Re:RE.CONSOL.SPEC.ENTRY!!!
It is not possible to do it using FT.
LIVECR or LIVEDB entries are generated only when asset or liability are affected. In the case of FT no such entries are generated.FT entry affects only the accounts.Hope its clear.
LIVECR or LIVEDB entries are generated only when asset or liability are affected. In the case of FT no such entries are generated.FT entry affects only the accounts.Hope its clear.
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