Entries of education loan
This query is : Resolved
ashutosh guru
(Querist)
17 June 2014
i am borrowing education loan from bank
what are the accounting entries will pass in tally
regards
Ashutosh
cs - excutive student
what are the accounting entries will pass in tally
regards
Ashutosh
cs - excutive student
Nikhil Kaushik
(Expert)
17 June 2014
If you recieved the money
Bank A/c
To Education Loan A/c
If Bank directly paid it to the institution
Fees Paid A/c
To education loan A/c
If you recieved the money
Bank A/c
To Education Loan A/c
If Bank directly paid it to the institution
Fees Paid A/c
To education loan A/c
ashutosh guru
(Querist)
17 June 2014
Sir fees is paid is tretated as asset
ashutosh guru
(Querist)
17 June 2014
Sir fees is paid is tretated as asset
Nikhil Kaushik
(Expert)
17 June 2014
no friend..it is an expense..
17 June 2014
fees is paid so how come payment is an asset.....
ashutosh guru
(Querist)
18 June 2014
Dear Sir institute comes under which catagory
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