You are trying to explain debit and credit memos that appear on bank statements and whether these will increase or decrease your company's bank account balance. Complete the following table to help your new staff understand.
Definitions:
Avoidable Interest
Interest costs that could be avoided if an entity did not make an expenditure for an asset under construction.
Construction Loan
A short-term loan used to finance the building of a home or another real estate project, with the property under construction serving as collateral.
Capitalization Of Interest
The process of adding accumulated interest to the principal balance of a loan, increasing the total amount owed.
Avoidable Interest
Interest cost on funds expended on a qualifying asset that could be avoided if the expenditure had not been made.
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