Home loan emi
This query is : Resolved
20 March 2014
plz hlp me to pass accounting entry for home loan emientry in tally
20 March 2014
1. At the time of loan
Building A/c Dr
To Bank Loan
To Bank A/c
2. At the time of each EMI
Bank Loan A/c Dr (Principal amount)
Interest on Loan A/c Dr
To Bank A/c
Building A/c Dr
To Bank Loan
To Bank A/c
2. At the time of each EMI
Bank Loan A/c Dr (Principal amount)
Interest on Loan A/c Dr
To Bank A/c
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