car loan entry

for advance paid

party ac- - - -- - - - - - -- - - -dr.

to bank ac.

(being advance for car)

car ac- - --- - - - -- - - - - - - - - dr.

              to party ac. ( advance utilized)

              to bank loan ac.

For advance payment:

Party a/c     Dr. 50000

 To bank                          50000

Car a/c      Dr.596499.8

 To bank              596499.8

Excess amount of Rs. 65766 shall be lying as a debit amount

Amount receivable a/c  Dr. 65766

To party                                           65766

Total amt paid by u = 662266 and invoice amt is 596500 /-

so assuming excess paid for other charges i.e rc charges, tmp no etc

so all of exp will be capitalised

1) party Dr        50000

             To Bank       50000

2) Car      662266

           TO Party  662266

3)   Party       527100

              to bank       527100

4) Pary    85166

         to Bank     85166

if any wrong pls correct me