Poonawalla fincorps
Poonawalla fincorps

Home loan emi

This query is : Resolved 
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(Querist)
20 March 2014 plz hlp me to pass accounting entry for home loan emientry in tally
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
20 March 2014 1. At the time of loan

Building A/c Dr
To Bank Loan
To Bank A/c

2. At the time of each EMI

Bank Loan A/c Dr (Principal amount)
Interest on Loan A/c Dr
To Bank A/c

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