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Mohan Kumar (Querist)
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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....

RAJA P M

RAJA P M (Expert)
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22 July 2017 How many Rs. Car value...

RAJA P M

RAJA P M (Expert)
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22 July 2017 Where from purchase the car....

RAJA P M

RAJA P M (Expert)
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22 July 2017 Howmany Rs Loan repayment amount? and when ll start the loan? You have repayment schedule in your hand...?

RAJA P M

RAJA P M (Expert)
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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....

RAJA P M

RAJA P M (Expert)
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22 July 2017 5. Bank charges - indirect expenses....(just enter narration as processing charges)

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