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Home loan emi

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Querist : Anonymous

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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
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Nikhilkumar Bakliwal

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Nikhilkumar Bakliwal (Expert)
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.

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