Journal entry
This query is : Resolved
DEVENDER THAKUR
(Querist)
15 June 2013
The Partners of the firm purchased a property of Rs. 2.0 Crore.The bank gave a total loan of Rs.2.5 Crore[50 lac as top up to the firm].Now the installment of loan comes out be Rs.361855/- which is debited from firms account totaly.Please guide me how to pass the entry while paying the EMI.
Rupesh Jain
(Expert)
15 June 2013
loan a/c dr
intt. on term loan a/c
to bank a/c (from bank take loan intl.)
intt. on term loan a/c
to bank a/c (from bank take loan intl.)
DEVENDER THAKUR
(Querist)
15 June 2013
But Sir Partners are also involved in the loan. 75% of loan amount is being used by the partners and 25% by the firm itself
Rupesh Jain
(Expert)
15 June 2013
pls recover intt. amount and instalment amot form partners
loan a/c (firm share)
intt a/c (firm share)
partner a/c( innt+ instt)
to bank
loan a/c (firm share)
intt a/c (firm share)
partner a/c( innt+ instt)
to bank
DEVENDER THAKUR
(Querist)
15 June 2013
thanks sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
