Home loan thru finance entry

This query is : Resolved

vikas vyas (Querist)
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07 January 2015 'm working with Tally 9 software. i brought one home by financing company. but i dont no how to make transaction in tally. can you help me in this regard

Akash Barman

Akash Barman (Expert)
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07 January 2015 GO TO GATEWAY OF TALLY>> ACCOUNTING VOUCHERS>> PRESS F7 (JOURNAL) PASS THE ENTRY

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vikas vyas

vikas vyas (Querist)
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07 January 2015 tnx for reply sir but i want know what make the entry.. ?

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Akash Barman

Akash Barman (Expert)
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07 January 2015 FLAT/ HOUSE A/C
TO FINANCE COMPANY

vikas vyas

vikas vyas (Querist)
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07 January 2015 ok tnx a lot : please can u confirm all entries all correct or any changes accordingly you sir :

1. house\flat a\c dr
To finance company

2. finance co. dr
To bank loan a/c
To cash a/c( if down payment)

3. bank loan a\c dr.
To bank a\c

4. Intt. bank a\c dr.
TDS dr.
To bank loan a\c

tnx to you and Please once time advise.. for all above that.

Akash Barman

Akash Barman (Expert)
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07 January 2015 entry 4
Interest dr
to bankloan

TDS is not required to be deucted if gvn to bank

vikas vyas

vikas vyas (Querist)
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07 January 2015 TNX A LOT SIR ......