Mr.B (Wife) purchase house
Mr.A (Husband) loan husband name
now loan pay by husband
how to accounting treatment this transaftion
thank u in advance members
Menu
Accounting
Replies (1)
In the books of Mr.B
House or property a/c-Dr
To Mr.A/c---- cr
In the books of Mr.A
1)Bank A/c Dr
To Loan A/c
2) interest A/c Dr
To Loan A/c
3) Loan A/c
To Bank A/c
4) Mr.B ----A/C
To Purchaser or Supplier A/c
House or property a/c-Dr
To Mr.A/c---- cr
In the books of Mr.A
1)Bank A/c Dr
To Loan A/c
2) interest A/c Dr
To Loan A/c
3) Loan A/c
To Bank A/c
4) Mr.B ----A/C
To Purchaser or Supplier A/c
Recent Topics :
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
Related Topics :
CAclubindia
