two wheeler loan reg
Querist : Anonymous
I need one doubt,one company was purchase vehicle against bank loans ,how to pass the journal & payment entry
Querist : Anonymous
Entry
Two wheeler.......Dr
To Loan A/c
For Installment payment.
Loan A/c (Principal portion)...Dr
Interest (Interest portion)....Dr
To Bank/Cash
Querist : Anonymous
U DONT MENSION SIR
Querist : Anonymous
LOAN AMOUNT :17000
COMPANY PAID :11373
HOW TO PASS THE JOURNAL ENTRY,SHOW ROOM ANYTHING COMES UNDER THIS POSION
Loan A/c Cr. 17000
Cash/Bank A/c Cr. 11353
2nd entry same as given by Manikandam Sir,
Querist : Anonymous
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