EMI payment

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Assistant Manager
23 Points Posted on 13 June 2020
Sir I have taken 150000/- Unsecured loan by my owner and deduct from salary As EMI 8000/- PM how to Pass entry in tally?
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On 13 June 2020 at 13:01 Report
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Quick Summary
This discussion explains how to record an unsecured loan taken from an employer in Tally. It details the journal entries required to reflect the loan amount received and the subsequent monthly EMI deductions from salary.

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Practice
3235 Points Posted on 13 June 2020
Dr bank/cash 150000
cr loan from employer 150000

Dr loan from enployer 8000
Cr salary Receivable 8000
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On 13 June 2020 at 14:20
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Assistant Manager
23 Points Posted on 13 June 2020
Journal Entry to be posted, Thanks Sir
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On 13 June 2020 at 14:24

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