VEHICLE DUE & INTEREST REG-
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05 December 2023
School van was purchased through finance, how to entry the due amount with interest in tally.? for ex: Due amount was Rs.20000 & interest was Rs.10000. In tally single entry system, i made entries in payment voucher like, accounts - bank a/cs (credit ); ledger- finance due (debit )-20000 ; interest (debit)-10000; in total 30000/-. is that right.?
CA R SEETHARAMAN
(Expert)
05 December 2023
Yes, it's right entry.
05 December 2023
Yes, You are correct...
If the due is 30k. In this due principle Rs 20k and Interest Rs 10k.
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