Entry
This query is : Resolved
07 February 2015
Dear Sir,
Then tell me that these all entries are in journal and what is entry for Shine honda entry.Pls explain in Brief.
Dear Sir,
we purchase a bike from Shine honda company showroom of Rs. 54066/- downpayment 18087 by cash & bank loan 36500/- Emi 1370/- in Which Principal Amt. 739.60/- And Interest 630.40/-. Now my query is How to Pass entry in tally for thats figure.pls solve with ledger entry.
Then tell me that these all entries are in journal and what is entry for Shine honda entry.Pls explain in Brief.
Dear Sir,
we purchase a bike from Shine honda company showroom of Rs. 54066/- downpayment 18087 by cash & bank loan 36500/- Emi 1370/- in Which Principal Amt. 739.60/- And Interest 630.40/-. Now my query is How to Pass entry in tally for thats figure.pls solve with ledger entry.
07 February 2015
Vehicle A/c. Dr.54066
Bank charges Dr. 521
(loan processing charges 36500+18087-54066)
To cash / bank Cr.18087
To vehicle loan a/c. cr. 36500
On EMI payment,
Vehicle loan a/c. Dr.739.60
Interest on vehicle loan Dr.630.40
To cash / bank a/c. Cr.1370
Vehicle A/c. Dr.54066
Bank charges Dr. 521
(loan processing charges 36500+18087-54066)
To cash / bank Cr.18087
To vehicle loan a/c. cr. 36500
On EMI payment,
Vehicle loan a/c. Dr.739.60
Interest on vehicle loan Dr.630.40
To cash / bank a/c. Cr.1370
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