Business loan entry in books

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 November 2013 I am Accountant Small proprietor ship units.
business loan in icici bank 800000.00 , but credit in bank 782022. please entry in books .

Ganeshbabu K

Ganeshbabu K (Expert)
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23 November 2013 for loan taken
.
.
Dr.BankA/c 8lakh
Cr.icici loan A/c 8lakh
.
.
for payment of loan
.
.
Dr.icici loan A/c
Cr.BankA/c/cash A/c
.
.
for interest on loans
.
Dr.Interest on loan A/c(indirect expence-under finance exps)
Cr.icici loan A/c