Consumer Credit Accounting .part 1

If you look at the consumer credit sheet not balance sheet of the Consumer credit banks that is tied to the sovereign credit sheet of the central bank for microinsurance (CBM )the two sides in the credit statement include credit( asset by transfer ) and debit (liability)equivalent of asset and liability in the balance sheet and then credit asset and debit liability or statement of credit income or credit income statement, equivalent of profit and loss forecast or income statement of the Financial statement,the statement of credit cash flow, equivalent of statement of cash flow in the Financial statement are effectively used in credit administration from point of credit entry into the credit ledger and exit point at debit entry.The period is amortization period.There is statement of debit liability and statement of credit equity from which it later credit the prior creditor that prior borrower have turned into shareholder in a company.Then it turns it into preference shareholder to pay him off and you start revenue accounting immediately after it liquidates the debt in the form of equity pay off that is with fixed charge on company revenue is used to pay the creditor off and the debtor now free starts grow surplus account even with deficit cash in the deficit account.