Entry of repayment of loan
This query is : Resolved
28 November 2017
Sir
What will be the entry of repayment of loan. please help me.
What will be the entry of repayment of loan. please help me.
02 January 2018
on getting loan: BANK A/C DR xxx
TO LOAN A/C xxx
ON REPAYMENT : LOAN A/C DR XXX
INTEREST A/C DR XX
TO BANK XXX
PSL A/C DR. xx
TO INTEREST A/c xx
TO LOAN A/C xxx
ON REPAYMENT : LOAN A/C DR XXX
INTEREST A/C DR XX
TO BANK XXX
PSL A/C DR. xx
TO INTEREST A/c xx
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