my boss taken loan in sbi for Rs15,00,000 i received bank car loan statement to day it is like this
Dr Cr bal 16/5/17 processing fee 8625 8,625 dr 17/5/17 debit trnsfer to 640001 15,00,000 15,08,625 dr 31/5/17 part period interest 5,737 15,14,362 dr 30/6/17 interest 15,513 15,25,875 dr 05/07/17 deposit transfer frm 54001 50,000 14,75,875 dr
Plse show this entries how to enter in tally 1) bank A/c in - Bank A/c 2) Car Loan A/c - how to create ? 3) toyota car showroom A/c - how to create ? 4) interest paid - how to create ? 5) Processing feee - how to create ?
22 July 2017
1. XXXX Bank Car loan A/c - Loans Liability
2. Toyota Car - Fixed asset
3. Car Showroom name - Sundry Creditor
4. Interest Paid - Indirect Expenses
5. Bank charges (processing fees) - indirect expenses....
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