My Wife has taken a joint housing loan Rs 28.86 lac in 2013 Oct from PNB. Now We have following - 1. Loan A/c (my wife and me as joint) 2. PNB Bank Joint a/c (my wife and me). 3. SBI a/c of my wife 4. SBI a/c of myself. Now, EMI of 27000 gets deducted at 5th of every month from PNB Bank Joint a/c and goes to Loan A/c. Sometimes i transfer 27K from my sbi to pnb joint at around 27th of month for next month emi and at other times my wife transfers 27K from her sbi to pnb joint ac at around 27th of month for next month emi. How do i pass journal entries in our separate book of accounts. Any help is appreciated in this regard.
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