Voucher entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 December 2014
SIR,
FOR EXAMPLE WE HAVE RECEIVED AN AMOUNT OF RS. 100000/-, AS LOAN, BUT FINANCIER HAS PAID RS.95000/-, AFTER DEDUCTION OF PROCESSING FEES - RS. 4000/- AND INSURANCE - RS. 1000/- WHAT WILL BE THE VOUCHER ENTRY.
FOR EXAMPLE WE HAVE RECEIVED AN AMOUNT OF RS. 100000/-, AS LOAN, BUT FINANCIER HAS PAID RS.95000/-, AFTER DEDUCTION OF PROCESSING FEES - RS. 4000/- AND INSURANCE - RS. 1000/- WHAT WILL BE THE VOUCHER ENTRY.
03 December 2014
bank a/c..... dr 95000
processing fees.... dr 4000
insurance fees a/c....dr 1000
to loan from financier a/c 100,000
processing fees.... dr 4000
insurance fees a/c....dr 1000
to loan from financier a/c 100,000
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