Accountancy Forum
  • Accountancy
  • Forum Home
  • Members
  • Team
  • Help
  • Search
  • Register
  • Login
  • Home
  • Members
  • Help
  • Search
Accountancy Forum The Profession Accounting and Audit v
« Previous 1 … 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Next »
Leases : calculate capital and interest repayments

 
  • 0 Vote(s) - 0 Average
Leases : calculate capital and interest repayments
finance
Offline

Junior Member

Posts: 10
Threads: 3
Joined: Jan 2006
Reputation: 0
#1
02-21-2007, 06:18 AM
Hi - any help would be greatly appreciated.

We're leasing equipment at present from a supplier.
We have decided to finance the lease through a finance company.
We pay our finance company a fixed amount each month for the next 33 months.

My problem is that I have to calculate what proportion of the fixed amount is capital and what proportion of the fixed amount is interest for the next 33 months - and post the amounts to the general ledger.

I have reviewed the lease agreement from the finance company - there is no interest rate quoted on the agreement.
Is there a method to do this?

Any help would be greatly appreciated.

Thanks

« Next Oldest | Next Newest »

Users browsing this thread: 1 Guest(s)



Messages In This Thread
Leases : calculate capital and interest repayments - by finance - 02-21-2007, 06:18 AM
[No subject] - by Junaid - 02-21-2007, 04:41 PM
[No subject] - by Abdur.Rehman - 02-26-2007, 04:12 PM
[No subject] - by finance - 02-28-2007, 08:20 AM

  • View a Printable Version
  • Subscribe to this thread
Forum Jump:

© 2002-2024 Accountancy. Copyrights of all content on this web site are owned by Accountancy except where indicated in source or copyright statements. Accountancy must be contacted for permission to copy or redistribute any material published on this website.

Linear Mode
Threaded Mode