Home loan emi

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 February 2015 Dear Sir,

Under current a/c every month EMI withdraw for HOme loan .
Plz explain entry with details.

Thanks

Nikhilkumar Bakliwal

Nikhilkumar Bakliwal (Expert)
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27 February 2015 Home Loan Account Dr. xxxx
Interest on Home Loan A/c Dr. xxxx
To Current Account xxxx

P.S.:
1. Head for Home Loan - Secured Loans
2. Head for Int. on Home Loan - Indirect expenses
3. Current account is assumed to be Bank's current account and not partners current account.