PURCHASE OF VEHICLE BY LOAN

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Gladson Philip (Querist)
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12 November 2019 We have purchased a new truck from a dealer its by a bank loan,the total bill amount of the purchase is Rs 1037996/-
and the bank financed Rs 972200/-.The problem is the statement given by the bank shows that they have financed Rs 976000/- according to this we making bank entries,the bank and our ledger is tally.my question is the difference between the bank loan (actual amount they gave to the dealer) and the figure shows in bank statement
(976000-972200=3800) what to do this amount?

RAJA P M

RAJA P M (Expert)
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12 November 2019 I think it's processing fee... better check out the statement with details

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Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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09 August 2020 I think if it a processing fee it would have been mentioned separately. Better seek Bank help for clarification we can not help you apart fron guesses..

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