journal entry
This query is : Resolved
30 May 2011
Sir,
i want to know the accounting treatment for the EMI paid to bank.
Sir My ques is how can i pass the journal entire in the book of the company for the payment of EMI to bank, sir our company has taken a loan from the SIDBI and company paying emi to them, kindly help me sir.
Thanks
i want to know the accounting treatment for the EMI paid to bank.
Sir My ques is how can i pass the journal entire in the book of the company for the payment of EMI to bank, sir our company has taken a loan from the SIDBI and company paying emi to them, kindly help me sir.
Thanks
30 May 2011
EMI Payment need to be accounted as Bank payment entry. but you mean to ask some other or what?
05 June 2011
Since payment is made so bank definately will be credited and now you have to choose debit transaction that how much will be debited as a loan and how much will be debited as a interest this bifurcation will be made as per bank statement provided to you
11 October 2011
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
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Itr 1 processing
- Reporting Income under Section 44ADA
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Registration as Authorised Representative of minor
- Article ship defecit
- Bank Accounts in Balance Sheet for ITR 3
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
