Enttry for car loan down payment
This query is : Resolved
02 August 2012
Dear experts,
our company purchased a car value is 647689.
in this include loan amount And cash amount.
cash paid for purchase of car is 251519 and loan taken 396170. At the time of loan sanction loan only received 383053. Remaining amount deducted has down payment ie (13117). For all these transaction how can i made entry in tally?
our company purchased a car value is 647689.
in this include loan amount And cash amount.
cash paid for purchase of car is 251519 and loan taken 396170. At the time of loan sanction loan only received 383053. Remaining amount deducted has down payment ie (13117). For all these transaction how can i made entry in tally?
Amol S Joglekar
(Expert)
02 August 2012
Sir, concentrate on bill / invoice value by the dealer. That will be the cost of CAR. It will go to fixed asset. 396170 will go to loan. 13117 will go to repayment of loan.
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