13 May 2020
We closed vehicle loan through payment of all EMIs but in books shown pending balance , how to adjust and tell me the closure account proceedings in Books of accounts.
14 May 2020
in previous years not reconciled properly due to that after clearing loan there is some balance amount shown as due to pay in Books of accounts.
21 May 2020
We can ask the full loan statements and see if there is any outstanding payable. If no O/S is there you might have not reconciled the statements properly.
CAclubindia
