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Join housing loan repayment

Accounting Entries 375 views 3 replies

Greetings ,

Myself and brother have got an housing loan worth 10 laks.

But loan amount came in my brothers savings bank account. Not in join account.

Have already used loan amount directly from brother account for construction.

Since myself have equal share in the loan amount received , loan repayment .

How to enter this in tally .

Thank you.

Replies (3)
Brother A/c dr... To loan A/c... With ur share of loan amount.... Brother is became debtor for that amount
S thank you sir.. Did like that way .. :)
Hope u will understand it niw


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