Dear Sirs,
can i know how to pass entries regarding interest on vehicle loans and finance
charges at year end.
Thank you.
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Query regarding vehicle loans
Replies (2)
The entry will be :
For payment of Instalment
Vehicle Loan Dr
Interest on loan Dr.
To Bank A/c
| Originally posted by :ramikhalsa | ||
| " | The entry will be : For payment of Instalment Vehicle Loan Dr Interest on loan Dr. To Bank A/c |
" |
Thank you sir,
what about finance charges entries at the time of finalisation of account. plz reply.
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