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business Loan repayments

This query is : Resolved 
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(Querist)
15 December 2016 sir maine apane business ke liye truck Kharida uski instalment per month De raha hoon to kya installment mere p&l account mein debit honge yaa phir mere Capital accounts se debit honge
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CA RAKESH JESWANI

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CA RAKESH JESWANI (Expert)
15 December 2016 Based on my views and your information: Deduct principle amount from loan liability account and interest from p&l account.
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CA RAKESH JESWANI

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CA RAKESH JESWANI (Expert)
15 December 2016 for further query in detail contact us : rnjeswanibc785@gmail.com, 9923179548.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
15 December 2016 You can claim interest on vehicle loan under profit and loss Account. Principal. You have to reduce from loan from liability.
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