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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.?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 December 2023 Yes, it's right entry.
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RAJA P M

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RAJA P M (Expert)
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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