Accounting Treatment
This query is : Resolved
05 April 2008
Hello Sir
One of my client taken a loan from ICICI bank Rs 500000/- but they received only Rs.488000 and odd figures. As I inquired about the difference with my client, he said
its a loan processing fee....
tell me whether it is right or wrong... If so, how should i pass entry for the same...
Its urgent please reply asap
Thanks in advance!!!
One of my client taken a loan from ICICI bank Rs 500000/- but they received only Rs.488000 and odd figures. As I inquired about the difference with my client, he said
its a loan processing fee....
tell me whether it is right or wrong... If so, how should i pass entry for the same...
Its urgent please reply asap
Thanks in advance!!!
05 April 2008
It is very simple. Dr loan processing fees/bank charges and credit the amount of Rs. 12000/- to loan a/c
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