Journal entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 September 2016
Hi,
I have to pass an entry of home loan, where the interest due for the year is 116,550 but the payment made to the loan is Rs. 55,066 and the opening balance of the loan is Rs.10,40,439.00. I have to pass the entry in tally kindly assist.
Thanks in Advance
I have to pass an entry of home loan, where the interest due for the year is 116,550 but the payment made to the loan is Rs. 55,066 and the opening balance of the loan is Rs.10,40,439.00. I have to pass the entry in tally kindly assist.
Thanks in Advance
Amol S Joglekar
(Expert)
09 September 2016
debit interest on home loan 116,550
credit bank 55,066
credit interest on home loan due but not paid 61,484
credit bank 55,066
credit interest on home loan due but not paid 61,484
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