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(Querist)
18 December 2013 Dear sir/mam,

I m accountant in a company. I hv a query regarding, Company should take a Car loan for rs. 3,00, 000, We have paid to Automobile com rs.1,30, 000 through bank. TOTAL CAR VALUE OF CAR RS. 4,30,000.

Now we want to book a entry for above transaction.
1. car Loan entry ?
2. Paid to Automobile ?
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Manish Bhandari

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Manish Bhandari (Expert)
18 December 2013 First boook the car
1) Car A/c Dr
To Supplier (With full value)

2) Supplier A/c Dr
To Bank A/c
To Bank Loan A/c
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Ganeshbabu K

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Ganeshbabu K (Expert)
19 December 2013 Dr.Car A/c 4,30,000
Cr.Supplier A/c 4,30,000

Dr.Supplier A/c 430000
Cr.Bank A/c 130000
Cr.Car loan from bank 300000
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