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Accounting entry

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(Querist)
19 November 2013 Dear All,

we buy a car on finance. what is the accounting entry for monthly installment?
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Manpalca

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Manpalca (Expert)
19 November 2013 Loan From Finance Co. A/c Dr.
To Bank A/c

and

Interest on Car Loan A/c Dr.
To Loan From Finance Co. A/c

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