Accounting entries for medium term loan
This query is : Resolved
20 September 2012
My Co hav taken loan from HDFC bank for INR 1402000.00/- it includes Interest Amount also. Can anybody tell me scheme of Entries for this. & Interest Treatment
Dibnm
Dibnm
20 September 2012
Give the bifurcation of interest and principle
20 September 2012
Payment Date Repay Amount Interest Principal Outstanding Balance
41,090.00 6,808.33 6,808.33 817,000.00
41,120.00 6,808.33 6,808.33 817,000.00
41,151.00 7,035.28 7,035.28 817,000.00
41,182.00 7,035.28 7,035.28 817,000.00
41,212.00 20,786.69 6,808.33 13,978.35 803,021.65
41,243.00 20,786.69 6,691.85 14,094.85 788,926.80
41,273.00 20,786.69 6,793.54 13,993.15 774,933.65
41,304.00 20,786.69 6,673.04 14,113.65 760,820.00
41,333.00 20,786.69 6,128.83 14,657.86 746,162.14
41,363.00 20,786.69 6,218.02 14,568.67 731,593.47
41,394.00 20,786.69 6,299.83 14,486.86 717,106.61
41,424.00 20,786.69 5,975.89 14,810.80 702,295.81
41,455.00 20,786.69 6,047.55 14,739.14 687,556.67
41,485.00 20,786.69 5,729.64 15,057.05 672,499.62
41,515.00 20,786.69 5,604.16 15,182.53 657,317.09
41,547.00 20,786.69 5,842.82 14,943.87 642,373.22
41,577.00 20,786.69 5,353.11 15,433.58 626,939.64
41,608.00 20,786.69 5,398.65 15,388.04 611,551.60
41,638.00 20,786.69 5,096.26 15,690.43 595,861.17
41,669.00 20,786.69 5,131.03 15,655.66 580,205.51
41,697.00 20,786.69 4,512.71 16,273.98 563,931.53
41,728.00 20,786.69 4,856.08 15,930.61 548,000.92
41,759.00 20,786.69 4,718.90 16,067.79 531,933.13
41,788.00 20,786.69 4,285.02 16,501.67 515,431.46
41,820.00 20,786.69 4,581.61 16,205.08 499,226.38
41,850.00 20,786.69 4,160.22 16,626.47 482,599.91
41,881.00 20,786.69 4,155.72 16,630.97 465,968.94
41,912.00 20,786.69 4,012.51 16,774.18 449,194.76
41,942.00 20,786.69 3,743.29 17,043.40 432,151.36
41,973.00 20,786.69 3,721.30 17,065.39 415,085.97
42,003.00 20,786.69 3,459.05 17,327.64 397,758.33
42,033.00 20,786.69 3,314.65 17,472.04 380,286.29
42,062.00 20,786.69 3,169.05 17,617.64 362,668.65
42,093.00 20,786.69 3,022.24 17,764.45 344,904.20
42,124.00 20,786.69 2,970.01 17,816.68 327,087.52
42,153.00 20,786.69 2,725.73 18,060.96 309,026.56
42,185.00 20,786.69 2,661.06 18,125.63 290,900.93
42,215.00 20,786.69 2,424.17 18,362.52 272,538.41
42,246.00 20,786.69 2,346.86 18,439.83 254,098.58
42,277.00 20,786.69 2,188.07 18,598.62 235,499.96
42,306.00 20,786.69 1,897.08 18,889.61 216,610.35
42,338.00 20,786.69 1,925.43 18,861.26 197,749.09
42,368.00 20,786.69 1,647.91 19,138.78 178,610.31
42,399.00 20,786.69 1,538.03 19,248.66 159,361.65
42,429.00 20,786.69 1,328.01 19,458.68 139,902.97
42,459.00 20,786.69 1,165.86 19,620.83 120,282.14
42,490.00 20,786.69 1,035.76 19,750.93 100,531.21
42,520.00 20,786.69 837.76 19,948.93 80,582.28
42,551.00 20,786.69 693.90 20,092.79 60,489.49
42,581.00 20,786.69 504.08 20,282.61 40,206.88
42,612.00 20,786.69 346.23 20,440.46 19,766.42
42,643.00 19,936.63 170.21 19,766.42 -
Total 1,024,598.28 207,598.28 817,000.00
41,090.00 6,808.33 6,808.33 817,000.00
41,120.00 6,808.33 6,808.33 817,000.00
41,151.00 7,035.28 7,035.28 817,000.00
41,182.00 7,035.28 7,035.28 817,000.00
41,212.00 20,786.69 6,808.33 13,978.35 803,021.65
41,243.00 20,786.69 6,691.85 14,094.85 788,926.80
41,273.00 20,786.69 6,793.54 13,993.15 774,933.65
41,304.00 20,786.69 6,673.04 14,113.65 760,820.00
41,333.00 20,786.69 6,128.83 14,657.86 746,162.14
41,363.00 20,786.69 6,218.02 14,568.67 731,593.47
41,394.00 20,786.69 6,299.83 14,486.86 717,106.61
41,424.00 20,786.69 5,975.89 14,810.80 702,295.81
41,455.00 20,786.69 6,047.55 14,739.14 687,556.67
41,485.00 20,786.69 5,729.64 15,057.05 672,499.62
41,515.00 20,786.69 5,604.16 15,182.53 657,317.09
41,547.00 20,786.69 5,842.82 14,943.87 642,373.22
41,577.00 20,786.69 5,353.11 15,433.58 626,939.64
41,608.00 20,786.69 5,398.65 15,388.04 611,551.60
41,638.00 20,786.69 5,096.26 15,690.43 595,861.17
41,669.00 20,786.69 5,131.03 15,655.66 580,205.51
41,697.00 20,786.69 4,512.71 16,273.98 563,931.53
41,728.00 20,786.69 4,856.08 15,930.61 548,000.92
41,759.00 20,786.69 4,718.90 16,067.79 531,933.13
41,788.00 20,786.69 4,285.02 16,501.67 515,431.46
41,820.00 20,786.69 4,581.61 16,205.08 499,226.38
41,850.00 20,786.69 4,160.22 16,626.47 482,599.91
41,881.00 20,786.69 4,155.72 16,630.97 465,968.94
41,912.00 20,786.69 4,012.51 16,774.18 449,194.76
41,942.00 20,786.69 3,743.29 17,043.40 432,151.36
41,973.00 20,786.69 3,721.30 17,065.39 415,085.97
42,003.00 20,786.69 3,459.05 17,327.64 397,758.33
42,033.00 20,786.69 3,314.65 17,472.04 380,286.29
42,062.00 20,786.69 3,169.05 17,617.64 362,668.65
42,093.00 20,786.69 3,022.24 17,764.45 344,904.20
42,124.00 20,786.69 2,970.01 17,816.68 327,087.52
42,153.00 20,786.69 2,725.73 18,060.96 309,026.56
42,185.00 20,786.69 2,661.06 18,125.63 290,900.93
42,215.00 20,786.69 2,424.17 18,362.52 272,538.41
42,246.00 20,786.69 2,346.86 18,439.83 254,098.58
42,277.00 20,786.69 2,188.07 18,598.62 235,499.96
42,306.00 20,786.69 1,897.08 18,889.61 216,610.35
42,338.00 20,786.69 1,925.43 18,861.26 197,749.09
42,368.00 20,786.69 1,647.91 19,138.78 178,610.31
42,399.00 20,786.69 1,538.03 19,248.66 159,361.65
42,429.00 20,786.69 1,328.01 19,458.68 139,902.97
42,459.00 20,786.69 1,165.86 19,620.83 120,282.14
42,490.00 20,786.69 1,035.76 19,750.93 100,531.21
42,520.00 20,786.69 837.76 19,948.93 80,582.28
42,551.00 20,786.69 693.90 20,092.79 60,489.49
42,581.00 20,786.69 504.08 20,282.61 40,206.88
42,612.00 20,786.69 346.23 20,440.46 19,766.42
42,643.00 19,936.63 170.21 19,766.42 -
Total 1,024,598.28 207,598.28 817,000.00
20 September 2012
Dear Amol
Above information for ur action
Loan Amount is 817000 /-
Interest Amount is 207,598.28
& re payment Schedule as above.
Thanks in Advance
Above information for ur action
Loan Amount is 817000 /-
Interest Amount is 207,598.28
& re payment Schedule as above.
Thanks in Advance
20 September 2012
Payment Date Repay Amount Interest Principal Outstanding Balance
30-Jun-12 6,808.33 6,808.33 817,000.00
30-Jul-12 6,808.33 6,808.33 817,000.00
30-Aug-12 7,035.28 7,035.28 817,000.00
30-Sep-12 7,035.28 7,035.28 817,000.00
30-Oct-12 20,786.69 6,808.33 13,978.35 803,021.65
30-Nov-12 20,786.69 6,691.85 14,094.85 788,926.80
30-Dec-12 20,786.69 6,793.54 13,993.15 774,933.65
30-Jan-13 20,786.69 6,673.04 14,113.65 760,820.00
28-Feb-13 20,786.69 6,128.83 14,657.86 746,162.14
30-Mar-13 20,786.69 6,218.02 14,568.67 731,593.47
30-Apr-13 20,786.69 6,299.83 14,486.86 717,106.61
30-May-13 20,786.69 5,975.89 14,810.80 702,295.81
30-Jun-13 20,786.69 6,047.55 14,739.14 687,556.67
30-Jul-13 20,786.69 5,729.64 15,057.05 672,499.62
29-Aug-13 20,786.69 5,604.16 15,182.53 657,317.09
30-Sep-13 20,786.69 5,842.82 14,943.87 642,373.22
30-Oct-13 20,786.69 5,353.11 15,433.58 626,939.64
30-Nov-13 20,786.69 5,398.65 15,388.04 611,551.60
30-Dec-13 20,786.69 5,096.26 15,690.43 595,861.17
30-Jan-14 20,786.69 5,131.03 15,655.66 580,205.51
27-Feb-14 20,786.69 4,512.71 16,273.98 563,931.53
30-Mar-14 20,786.69 4,856.08 15,930.61 548,000.92
30-Apr-14 20,786.69 4,718.90 16,067.79 531,933.13
29-May-14 20,786.69 4,285.02 16,501.67 515,431.46
30-Jun-14 20,786.69 4,581.61 16,205.08 499,226.38
30-Jul-14 20,786.69 4,160.22 16,626.47 482,599.91
30-Aug-14 20,786.69 4,155.72 16,630.97 465,968.94
30-Sep-14 20,786.69 4,012.51 16,774.18 449,194.76
30-Oct-14 20,786.69 3,743.29 17,043.40 432,151.36
30-Nov-14 20,786.69 3,721.30 17,065.39 415,085.97
30-Dec-14 20,786.69 3,459.05 17,327.64 397,758.33
29-Jan-15 20,786.69 3,314.65 17,472.04 380,286.29
27-Feb-15 20,786.69 3,169.05 17,617.64 362,668.65
30-Mar-15 20,786.69 3,022.24 17,764.45 344,904.20
30-Apr-15 20,786.69 2,970.01 17,816.68 327,087.52
29-May-15 20,786.69 2,725.73 18,060.96 309,026.56
30-Jun-15 20,786.69 2,661.06 18,125.63 290,900.93
30-Jul-15 20,786.69 2,424.17 18,362.52 272,538.41
30-Aug-15 20,786.69 2,346.86 18,439.83 254,098.58
30-Sep-15 20,786.69 2,188.07 18,598.62 235,499.96
29-Oct-15 20,786.69 1,897.08 18,889.61 216,610.35
30-Nov-15 20,786.69 1,925.43 18,861.26 197,749.09
30-Dec-15 20,786.69 1,647.91 19,138.78 178,610.31
30-Jan-16 20,786.69 1,538.03 19,248.66 159,361.65
29-Feb-16 20,786.69 1,328.01 19,458.68 139,902.97
30-Mar-16 20,786.69 1,165.86 19,620.83 120,282.14
30-Apr-16 20,786.69 1,035.76 19,750.93 100,531.21
30-May-16 20,786.69 837.76 19,948.93 80,582.28
30-Jun-16 20,786.69 693.90 20,092.79 60,489.49
30-Jul-16 20,786.69 504.08 20,282.61 40,206.88
30-Aug-16 20,786.69 346.23 20,440.46 19,766.42
30-Sep-16 19,936.63 170.21 19,766.42 -
Total 1,024,598.28 207,598.28 817,000.00
30-Jun-12 6,808.33 6,808.33 817,000.00
30-Jul-12 6,808.33 6,808.33 817,000.00
30-Aug-12 7,035.28 7,035.28 817,000.00
30-Sep-12 7,035.28 7,035.28 817,000.00
30-Oct-12 20,786.69 6,808.33 13,978.35 803,021.65
30-Nov-12 20,786.69 6,691.85 14,094.85 788,926.80
30-Dec-12 20,786.69 6,793.54 13,993.15 774,933.65
30-Jan-13 20,786.69 6,673.04 14,113.65 760,820.00
28-Feb-13 20,786.69 6,128.83 14,657.86 746,162.14
30-Mar-13 20,786.69 6,218.02 14,568.67 731,593.47
30-Apr-13 20,786.69 6,299.83 14,486.86 717,106.61
30-May-13 20,786.69 5,975.89 14,810.80 702,295.81
30-Jun-13 20,786.69 6,047.55 14,739.14 687,556.67
30-Jul-13 20,786.69 5,729.64 15,057.05 672,499.62
29-Aug-13 20,786.69 5,604.16 15,182.53 657,317.09
30-Sep-13 20,786.69 5,842.82 14,943.87 642,373.22
30-Oct-13 20,786.69 5,353.11 15,433.58 626,939.64
30-Nov-13 20,786.69 5,398.65 15,388.04 611,551.60
30-Dec-13 20,786.69 5,096.26 15,690.43 595,861.17
30-Jan-14 20,786.69 5,131.03 15,655.66 580,205.51
27-Feb-14 20,786.69 4,512.71 16,273.98 563,931.53
30-Mar-14 20,786.69 4,856.08 15,930.61 548,000.92
30-Apr-14 20,786.69 4,718.90 16,067.79 531,933.13
29-May-14 20,786.69 4,285.02 16,501.67 515,431.46
30-Jun-14 20,786.69 4,581.61 16,205.08 499,226.38
30-Jul-14 20,786.69 4,160.22 16,626.47 482,599.91
30-Aug-14 20,786.69 4,155.72 16,630.97 465,968.94
30-Sep-14 20,786.69 4,012.51 16,774.18 449,194.76
30-Oct-14 20,786.69 3,743.29 17,043.40 432,151.36
30-Nov-14 20,786.69 3,721.30 17,065.39 415,085.97
30-Dec-14 20,786.69 3,459.05 17,327.64 397,758.33
29-Jan-15 20,786.69 3,314.65 17,472.04 380,286.29
27-Feb-15 20,786.69 3,169.05 17,617.64 362,668.65
30-Mar-15 20,786.69 3,022.24 17,764.45 344,904.20
30-Apr-15 20,786.69 2,970.01 17,816.68 327,087.52
29-May-15 20,786.69 2,725.73 18,060.96 309,026.56
30-Jun-15 20,786.69 2,661.06 18,125.63 290,900.93
30-Jul-15 20,786.69 2,424.17 18,362.52 272,538.41
30-Aug-15 20,786.69 2,346.86 18,439.83 254,098.58
30-Sep-15 20,786.69 2,188.07 18,598.62 235,499.96
29-Oct-15 20,786.69 1,897.08 18,889.61 216,610.35
30-Nov-15 20,786.69 1,925.43 18,861.26 197,749.09
30-Dec-15 20,786.69 1,647.91 19,138.78 178,610.31
30-Jan-16 20,786.69 1,538.03 19,248.66 159,361.65
29-Feb-16 20,786.69 1,328.01 19,458.68 139,902.97
30-Mar-16 20,786.69 1,165.86 19,620.83 120,282.14
30-Apr-16 20,786.69 1,035.76 19,750.93 100,531.21
30-May-16 20,786.69 837.76 19,948.93 80,582.28
30-Jun-16 20,786.69 693.90 20,092.79 60,489.49
30-Jul-16 20,786.69 504.08 20,282.61 40,206.88
30-Aug-16 20,786.69 346.23 20,440.46 19,766.42
30-Sep-16 19,936.63 170.21 19,766.42 -
Total 1,024,598.28 207,598.28 817,000.00
20 September 2012
it seems the loan amount is only 817000. what is the role of 14lakh as said by you?
20 September 2012
then what is bothering you? why did you mention 14 lakh. Anyway..... Asset a/c debit xxxx to bank a/c yyyyy to bank loan a/c 817000. where xxxx = 817000+yyyyy. The interest will be accounted for on month on month basis
20 September 2012
forget that actual amount is 817000k n goin forward v r planning to apply for 14lakh. can u reply on 817000 scheme of entries
Plssssss
Plssssss
20 September 2012
Hey Amol M still not Clear Can u Xplain Thru Accounting Entry plsssssss..bcoz u said asset a/c debit xxx to bank a/c n here xxx equals to principal plus interest but wen i wil pass this entry only 817000 should reflect n not interest amt rite
pls help??
pls help??
20 September 2012
Which asset did you purchase by taking the loan of 817000. Better if you could send it to my e mail id amolshankar@gmail.com
Message likes :
1 times
20 September 2012
In 2011 we spend 1634000 for construction of our own office Bulding & to complete the same we need some more funds, as per arrangement with Bank we will recv 50 of the expense incurred on bulding work in past. so after producing documents of exp incurrred in 2011 our laon sanctioned for 817000 as per agreed terms. plus interest so this is my simple loan & not against any asset or property
can u tell me now scheme of entries already mailed u on gmail
can u tell me now scheme of entries already mailed u on gmail
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