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Business loan

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(Querist)
01 April 2015 i have taken loan from bank Rs. 10 lakh. but paid us Rs 9,80,000 after deducting interest on loan. what is entry in books of account . we will paid this loan amount(p+i) in 12 month. plz advice all entry in books of accounts .
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
01 April 2015 i did not understand bank gave u exactly how much 10 lakhs or 9.80 lakhs?
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bishal

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bishal (Querist)
01 April 2015 sir Rs 9.80 bank paid money in our bank account
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