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loan and interest entry

This query is : Resolved 
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(Querist)
04 April 2017 we take 10 lac loan from pnb bank for 5 years and 459080 is total interest payable. 23851 is monthly payment emi accounting entry in tally with leader and group
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
05 April 2017 when EMI paid
every month with full emi
Loan A/c Dr (under Loan Liability)
To Bank
bank will charge separate interest every month
Bank Interest A/c Dr. (Indirect Expense)
To Loan A/c
Closing Balance will be tallied.
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