minal (Student CA Final ) 18 June 2016
Senu Reddy (ca final) 18 June 2016
Bank a/c dr
to Bank Loan A/c..
Similarly while repayment its reverse of that entry to the extent of principal amount
Rammi_RP Rawat (Accountant ) 18 June 2016
At the time of loan credit entry will be
Dr. Bank A/C .......
Cr. Bank Loan A/C ......
Repayment Entry Will Be.....
Dr. Bank Loan A/C ....
Dr. Interest On Bank Loan...
Cr. Bank A/C.........
Gopi Rajput (Assistant Accountant) 19 June 2016
Jignesh (Student CA Final ) 21 June 2016
Bank A/c Dr.
To Bank Loan A/c
(Being Entry for Loan taken & Money received in Bank Account
At the time of Repayment
Bank Loan A/c.(Principal Repayment) Dr.
Interest on Loan Account a/c. Dr.
To Bank Account(Instalment Amount)
(Being Entry for EMi Repayment.)