settalment of loan
This query is : Resolved
singh1513@gmail.com
(Querist)
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.
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singh1513@gmail.com
(Querist)
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.
singh1513@gmail.com
(Querist)
03 March 2011
Thank you sir
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