Bank loan entry

your  1st  entry  for  borrowed  loan  is 

1)   Bank     A/c      Dr                                     500000/- 

      Loan  form  ICICI  Bank   A/c      Cr                               500000/- 

(  Loan  from  ICICI  Bank  )   

Loan A/c  will be  under secured  loan  Liability  side of balance sheet 

 

2)    When you repay the same amount  with  Bank charges 

       Loan from ICICI  bank     A/c       Dr                500000/- 

       Bank   Charges               A/c        Dr                      500/- 

       To  Bank                          A/c        Cr                                               500500/- 

(   Repayment of  loan along with bank  charges ) 

If want to reflect this charges in Loan A/c
Then Pass a JV first
Bank/Loan charges A/c Dr. ₹500
To ICICi Loan A/c Rs. 5000

so, now u may have this rs. 500 outstanding bal. in loan A/c
To nullify the same,
U may have paid Rs. 500 in cash or thru other bank A/c so, just pass this entry

Icici laon A/c Dr. rs. 500
To Cash/ bank rs. 500

Doneee.... (if done this way u can see the extra charges by IcICi bank loan A/c, and also expense is booked)