business Loan repayments
This query is : Resolved
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
15 December 2016
Based on my views and your information:
Deduct principle amount from loan liability account and interest from p&l account.
15 December 2016
for further query in detail contact us : rnjeswanibc785@gmail.com, 9923179548.
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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