Mortgage Transactions
Mortgage transactions can be made as follows
Definitions
We start with the following accounts and transaction categories
Deposit Accounts
| Name |
Parent |
Category |
Currency |
Starting Balance |
| BarclaysCurrent |
Barclays |
Checking |
GBP |
£10,000.00 |
Loan Accounts
| Name |
Parent |
Category |
Currency |
Starting Balance |
|
Payee Accounts
| Name |
Type |
| Barclays |
Institution |
| InlandRevenue |
TaxMan |
TransactionCategories
| Name |
Type |
| Mortgage:Interest |
LoanInterestCharged |
| Taxes:Relief |
TaxRelief |
Transactions
We have the following events
Transactions
| Date |
Account |
Category |
Amount |
Direction |
Partner |
TaxCredit |
| 01-Feb-1986 |
BarclaysMortgage |
Transfer |
£50,000.00 |
To |
BarclaysCurrent |
|
| 02-Feb-1986 |
BarclaysCurrent |
Transfer |
£1,000.00 |
To |
BarclaysMortgage |
|
| 03-Feb-1986 |
BarclaysMortgage |
Mortgage:Interest |
£1,876.49 |
From |
BarclaysMortgage |
£523.87 |
Analysis
The analysis of these transactions is as follows
AssetAnalysis
| Date |
BarclaysCurrent |
BarclaysMortgage |
| 06-Apr-1980 |
£10,000.00 |
|
| 01-Feb-1986 |
£60,000.00 |
-£50,000.00 |
| 02-Feb-1986 |
£59,000.00 |
-£49,000.00 |
| 03-Feb-1986 |
£59,000.00 |
-£50,876.49 |
| Profit |
-£1,876.49 |
PayeeAnalysis
| Date |
Barclays |
InlandRevenue |
| 03-Feb-1986 |
-£2,400.36 |
£523.87 |
| Profit |
-£1,876.49 |
TransactionCategoryAnalysis
| Date |
Mortgage:
Interest
|
Taxes:
Relief
|
| 03-Feb-1986 |
-£2,400.36 |
£523.87 |
| Profit |
-£1,876.49 |
TaxAnalysis
| Date |
Expense |
Virtual |
| 03-Feb-1986 |
-£2,400.36 |
£523.87 |
| Profit |
-£1,876.49 |
