Oh, I don't have enough money for cars right now either. But I don't need a lot of money. I don't know what to do with my bad credit history. I'm tired of saving money.
CA SHRIPAL LUNIYA (CA, CS Final & M.Com) 21 March 2011
Interest on Loan A/c Dr. Interest Amt.
to Bank A/c 146826/-
Srinivas Ch (Sr.Accountant) 10 August 2016
1.When car purchase: journal voucher
Car(fixed asset) Dr (total car value)
To, showroom a/c(liabilities)(down paymnt)
To , icici car loan(secured loan) (loan amount)
2. When down paymnt: paymnt voucher
Showroom a/c dr...
To bank/ cash.
3. Emi to icici: journal vchr
Interst on loan a/c dr....
To, icici car loan accnt
4. Emi paymnt: pymnt vchr
Icici car loan dr...
To bank accnt
(When taking loan from banks you have to collect repaymnt schedule statemnt from bank).
venkatesh vudum (Accountant) 17 May 2017
thank you but i have one dout sir if interet crosed the 10000/- in f.y TDS applicable sir what is the entry for that.
yasin143 (sr acc) 18 July 2018
Car cost Rs1246008 and TCS Rs12460, on loan bases we have purchased how to pass the entries against TCS
Rajesh TM (Accounts Manager) 24 November 2018
could u pls tell me the entry of tcs1% when we purchase car in the name of firm.