Car loan entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 March 2014
Please tell me how make journal entry of car loan taken from bank and first install ment deducted by bank
10 March 2014
bank a/c ....dr
to car loan a/c
for repayment
car loan a/c...dr (1st installment)
to bank a/c
to car loan a/c
for repayment
car loan a/c...dr (1st installment)
to bank a/c
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