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This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 March 2013
Sir/madam,
My question is
Bought a vehicle for Rs 60000
Down Payment made to the vendor : 20000
Loan disbursed : 40000
what shall be the entry for the above
My question is
Bought a vehicle for Rs 60000
Down Payment made to the vendor : 20000
Loan disbursed : 40000
what shall be the entry for the above
Dintakurthi Tirumala
(Expert)
25 March 2013
Pass the following entry
Vechicle a/c dr 60000
To Cash/bank a/c 20000
To Loan a/c 40000
(Being vehicle purchased for Rs.60000 through invoice no.XXX and the payment made partly by cash/bank vide cheque no.XXX and balance shall be paid through the loan from XXXX by issuing DD no.XXX or cheque)
OM SAI SRI SAI JAI JAI SAI
Vechicle a/c dr 60000
To Cash/bank a/c 20000
To Loan a/c 40000
(Being vehicle purchased for Rs.60000 through invoice no.XXX and the payment made partly by cash/bank vide cheque no.XXX and balance shall be paid through the loan from XXXX by issuing DD no.XXX or cheque)
OM SAI SRI SAI JAI JAI SAI
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