ICICI

Adjustment of Interest on loan


ASIF EQBAL   17 July 2019

ASIF EQBAL

 5 points

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ASIF EQBAL • 16 July 2019
Loan Amount ₹594000
ROI 19.25%
LOAN PERIOD 4 YRS
NO OF PAYMENTS PER YEAR - 12
DATE OF LOAN - 18/03/2019

can Anyone explain the adjustment of interest on loan for the F. Y 2018-2019?? 
At what amount loan is recorded in B/s


am asking from the view point of individual... and
the monthly installment is 17840...
my question is.... whether intt on loan is recorded in P&L or not if recorded what is the amount??

Shafeeq Ahmed   18 July 2019

Shafeeq Ahmed

 3 likes  23 points

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Interest on Loan will recorded in Current Financial Year. You've to pass 1 outstanding payable entry in your Balance Sheet.


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