E.m.i
This query is : Resolved
27 March 2015
dear sir, how to take entry of E.M.I of car ?
please clarify with example.
27 March 2015
Vehicle loan a/c Dr....(Principal portion)
Interest on veh. loan Dr....
To Bank
Interest on veh. loan will be debited in P& L.
CMA Ramesh Krishnan
(Expert)
27 March 2015
Debit: Car loan a/c
Credit: Bank a/c
Create loan account while car purchase and loan taken
Credit: Bank a/c
Create loan account while car purchase and loan taken
CA Ashok Vardhan
(Expert)
28 March 2015
Agreed with Anil
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
