07 February 2015
Dear Sir, Then tell me that these all entries are in journal and what is entry for Shine honda entry.Pls explain in Brief.
Dear Sir, we purchase a bike from Shine honda company showroom of Rs. 54066/- downpayment 18087 by cash & bank loan 36500/- Emi 1370/- in Which Principal Amt. 739.60/- And Interest 630.40/-. Now my query is How to Pass entry in tally for thats figure.pls solve with ledger entry.
07 February 2015
Vehicle A/c. Dr.54066 Bank charges Dr. 521 (loan processing charges 36500+18087-54066) To cash / bank Cr.18087 To vehicle loan a/c. cr. 36500
On EMI payment, Vehicle loan a/c. Dr.739.60 Interest on vehicle loan Dr.630.40 To cash / bank a/c. Cr.1370
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