Dear sir,
We have taken Term loan from Andhra bank for 2.65 cores and utlized. we are create entry with TAlly as Term Loan with Andhra Bank Under group Bank OD A/c. present that ledger balalnce is showns 2.65 crores Credit balance.
But now we are geting Cash Credit limitsfrom Andhra Bank 2.00 Crores, we are create a ledger as Andhra bank CC A/c Under group Bank OD A/c
Now our bank every month debit from our CC A/c and transfer to 6.00 lakhs amount to Term loan a/c for EMI & Interest( EMI-315000/- + Interst on TL 285000/-)
So now we are try to account this entry in Contra, but Termloan Interest ledger(Indirect Exp U/g) is not avaliable in contra mode.
second thing is we are try to payment mode , here also in Debit section Term loan with Andhra Bank Ledger (U/g Bank OD A/c) not shown
so pls how to account this entry
pls send me k_venkat_2004 @ yahoo.com
9848824141
Venkat
Ongole
CAclubindia
