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Questions and Answers
The loan shall remain in this account during the pendency of the legal proceedings and until fully paid/restructured/foreclosed and undergone ______.
proceedings
This account refers only to the existing interest on loans deducted in advance prior to the effectivity of this ______.
guidelines
The allowance for probable losses on loans (APLL) shall be booked based on the Portfolio At Risk (PAR) with a 30-day ______ period.
grace
11260 Accounts Receivables Trade ________ Due
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11280 Accounts Receivables Trade in ________
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11281 Allowance for Probable Losses - Accounts Receivable Trade ________
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11300 Installment Receivables – ________ Due
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11150 Petty Cash Fund refers to the ______ placed in the ATM manned by the cooperative.
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11160 Revolving Fund refers to the money placed in ______, Paymaya, Paypal and other e-wallet or online payment system used by the cooperative.
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11170 Change Fund refers to ______ placed in the federations to which they are affiliated, i.e. savings and time deposits which are unrestricted and readily available when needed.
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11180 ATM Fund refers to money ______ in the bank under the name of the cooperative, i.e. savings, current, time deposits, and comboaccount.
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This account refers to the amount due from members and non-member patrons for sale of merchandise / goods on a deferred payment or installment plan that were restructured upon full payment or settlement of interests due and/or penalties. Account Title: Finance Lease ______
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This account refers to the amount due from members and non-member patrons for sale of merchandise / goods on a deferred payment or installment plan under legal action. Account Title: Installment ______ - in Litigation
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This account refers to the cumulative amount of probable or impairment losses arising from noncollection of installment receivables. Account Title: Allowance for Probable Losses - Installment ______
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This account refers to the unrealized portion of the gross margin on goods sold on installment basis. Account Title: Unrealized Gross ______
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