settalment of loan
This query is : Resolved
03 March 2011
Loan settalment se hone wala profit ko P/L account k Credit me Show karte hai?
03 March 2011
Yes. Not only this profit but any income/profit is shown in credit side of P/L account.
Golden rule-
All income and gains Credit
All expenses and losses Debit.
Golden rule-
All income and gains Credit
All expenses and losses Debit.
Message likes :
1 times
03 March 2011
sir,loan settalment se profit caculation
1.REMAINING INSTALMENT-SETTALMENT AMOUNT=PROFIT
or
2.Remaining Principal amount-settalment amount=profit li jayegi
1.REMAINING INSTALMENT-SETTALMENT AMOUNT=PROFIT
or
2.Remaining Principal amount-settalment amount=profit li jayegi
03 March 2011
Remaining Principal amount-settalment amount=profit.
Because settlement amount is paid before installment becomes due so no question of payment of interest arises.
Because settlement amount is paid before installment becomes due so no question of payment of interest arises.
03 March 2011
Thank you 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
- Sale of goods to the purchasing party
- OLD REGIM AND NEW REGIM
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- Can we choose not to report losses in ITR3 if they cannot be carried forward?
- Clarification Required on Filing Form 141 for Joint Buyers
- FORM 10BB/10B REQUIRED OR NOT
- EMI ISSUE IN HOUSING LOAN OLD REGIME
- RATE AND HSN CODE
- Portuguese Civil Code IT Return
- I have sent ITR to CPC and delivered in due date , but portal itr status not updated
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
