Unsecurd loan or sundry creditors
This query is : Resolved
28 January 2013
dear sir
car loan taken from tata motors 0f Rs 280000 and repayment of rs 7300*10=73000
upto 31 mar. 2011 so balance 280000-730000=
207000 show as unsecurted loan or sundry creditors in balance sheet or other treatment and advice me the treatment of intarest thereon of Rs 23355 in p/l a/c and b/s? thanks sir......help me
car loan taken from tata motors 0f Rs 280000 and repayment of rs 7300*10=73000
upto 31 mar. 2011 so balance 280000-730000=
207000 show as unsecurted loan or sundry creditors in balance sheet or other treatment and advice me the treatment of intarest thereon of Rs 23355 in p/l a/c and b/s? thanks sir......help me
CA PARAS BAFNA
(Expert)
28 January 2013
Debit the interest to P&L a/c and Credit to TATA Motor Loan A/c.
.
THe Loan is Secured Loan 207000+23355.
.
THe Loan is Secured Loan 207000+23355.
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