Emi cheque

1026 views 3 replies

I want to know about Post Dated chq against Business Loan. EMI's are ends in Oct 2015. We gave PDC till 2015 against that Loan.

Now I want to enter the entire PDC in Tally. So How I pass the Entry for Next 3 - 4 years in advance? Is it possible to enter the  PDC's for the year 2012 - 2013 - 2014 - 2015 in this year (as of 14 Nov 2011)?

I have to show the exact Pending Loan amount as on 30 Dec 2011 (Year End) but I want to show the PDC also. How it possible?

Please help me.....

Replies (3)

You cannot show the PDC for the next 4 years now as nothing has beeng paid by you for the next 4 years in the current F.Y.  What you will be showing is only the amount you are bing paying each month and deducting the principal form the loan amount & charign the interest to P&L.

Showing the PDC's for the next 4 yrs in the current FY would not be a prudent commercial practice.

You also cannot pass the entries of the PDC's for the enxt 3 years in the Current Year as there is no cash outflow right now.  Also the charges have not accrued to you.

For your information you can obtain a amortization statement from your bank & then post the entries for the next 4 eyars in the respective years to which the charges relate.

Hope the above would resolve your query.

you can pass post datee vouchers by the command ctrl+T in voucher entry.

 

Mr. Giridhar has justified the issue by of his explanation.  I am also of the same opinion

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details