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Journal Entries For New Vehicle with Loan

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(Querist)
26 April 2022 how to pass the Journal Entries For New Car for Companies in Loan agreement based.
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Gokul Sharma

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Gokul Sharma (Expert)
26 April 2022 CAR A/C ..........DR
TO LOAN A/C
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CA Puja Sharma

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CA Puja Sharma (Expert)
26 April 2022 Car A/c Dr.
To Supplier A/c Cr.

Supplier A/c Cr.
To Loan A/c
To Cash/Bank A/c Cr. (for downpayment)




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