Adjustment of Interest on loan

164 views 1 replies
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??
Replies (1)
Interest on Loan will recorded in Current Financial Year. You've to pass 1 outstanding payable entry in your Balance Sheet.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register