Re: double-entry bookkeeping unneeded?

I'm anxious to see how that approach implements a single $100 payment with $98 to interest and $2 to principle. You'll also have to tell nearly every two and four-year college to rewrite their /introductory/ accounting classes to get rid of credit and debit accounts.

<http://www.uen.org/Lessonplan/preview.cgi?LPid=11059>

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Relevant Pages

  • Re: double-entry bookkeeping unneeded?
    ... with $98 to interest and $2 to principle. ... You'll also have to tell nearly every two and four-year college to rewrite their /introductory/ accounting classes to get rid of credit and debit accounts. ... The point I was trying to make is that instead of a system where a group of transactions taken as a whole is balanced, it is perfectly reasonable to have a system where each transaction is itself balanced. ... payment interest 98 ...
    (comp.object)
  • RE: Excel Spreadsheet
    ... Principle Int Rate # of days Int Billed Prime Rate Prime amount ... Nper is the total number of payment periods in an annuity. ...
    (microsoft.public.excel.worksheet.functions)
  • Re: CUMPRINC Function Returns #N/A
    ... Norman, This isn't a balloon. ... It is a credit card payment ... amount to pay down the second debt. ...
    (microsoft.public.excel.worksheet.functions)
  • Re: Have Interest Only -- Should I Refinance to 30 year Fixed?
    ... > and closing costs by just figuring out how much extra you can afford to ... > each payment as payment toward the principal unless the loan docs forbid ... principle to an interest only payment, ...
    (misc.consumers.house)
  • Re: cumprinc & cumipmt not matching reality
    ... >In real life, the first monthly principle payment was $200.99. ... $200.99 first payment principal portion. ...
    (microsoft.public.excel.worksheet.functions)