How do I show Secured Debts - ELTD Chart?
Article ID
ias-2364
Article Name
How do I show Secured Debts - ELTD Chart?
Created Date
9th November 2005
Product
IRIS Accounts Production
Problem
How do I Show Secured Debts - ELTD Chart? This client screen is used for Limited companies. Select : Edit / Data Screens / Notes to Financial Statements / Balance Sheet Items / Creditors / Secured Debts
Resolution
If an analytical breakdown of secured debts is required it can be achieved by entering a tick against items to be disclosed and/or entering items in the freeform lines for any creditors not immediately identifiable as secured.
If the amount is a debit, prefix the figure with a – sign.
If the amount is a credit the user does not need to prefix the figure with a sign.
Entering a tick against the following subheadings will include the balance on the account numbers shown on the table below in the note.
Sub heading
Account numbers
Debentures
Bank Overdrafts
839 to 848
692 to 711
Bank loans
Other Loans:
849 to 858
1st account
869, 875, 881, 887, 893
2nd account
3rd account
4th account
5th account
6th account
870, 876, 882, 888, 894
871, 877, 883, 889, 895
872, 878, 884, 890, 896
873, 879, 885, 891, 897
874, 880, 886, 892, 898
Hire purchase etc in group 741
909 to 920
This will appear as the last creditors note.
Nature of Security
Enter in this text box the nature of any security.
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