Entries in tally
This query is : Open
22 July 2017
Hi, plse guide me regarding this
my boss taken loan in sbi for Rs15,00,000 i received bank car loan statement to day it is like this
Dr Cr bal
16/5/17 processing fee 8625 8,625 dr
17/5/17 debit trnsfer to 640001 15,00,000 15,08,625 dr
31/5/17 part period interest 5,737 15,14,362 dr
30/6/17 interest 15,513 15,25,875 dr
05/07/17 deposit transfer frm 54001 50,000 14,75,875 dr
Plse show this entries how to enter in tally
1) bank A/c in - Bank A/c
2) Car Loan A/c - how to create ?
3) toyota car showroom A/c - how to create ?
4) interest paid - how to create ?
5) Processing feee - how to create ?
Plse show the entries individually in detail...
Thanks....
my boss taken loan in sbi for Rs15,00,000 i received bank car loan statement to day it is like this
Dr Cr bal
16/5/17 processing fee 8625 8,625 dr
17/5/17 debit trnsfer to 640001 15,00,000 15,08,625 dr
31/5/17 part period interest 5,737 15,14,362 dr
30/6/17 interest 15,513 15,25,875 dr
05/07/17 deposit transfer frm 54001 50,000 14,75,875 dr
Plse show this entries how to enter in tally
1) bank A/c in - Bank A/c
2) Car Loan A/c - how to create ?
3) toyota car showroom A/c - how to create ?
4) interest paid - how to create ?
5) Processing feee - how to create ?
Plse show the entries individually in detail...
Thanks....
22 July 2017
Howmany Rs Loan repayment amount? and when ll start the loan? You have repayment schedule in your hand...?
22 July 2017
1. XXXX Bank Car loan A/c - Loans Liability
2. Toyota Car - Fixed asset
3. Car Showroom name - Sundry Creditor
4. Interest Paid - Indirect Expenses
5. Bank charges (processing fees) - indirect expenses....
22 July 2017
5. Bank charges - indirect expenses....(just enter narration as processing charges)
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