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Journal entry

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(Querist)
27 October 2017 how to pass journal entry of car loan taken please send me detail with example
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
27 October 2017 For eg loan of 10L with processing fees of 1% i.e 10000
Car a/c DR 10,00,000
Processing fees 10,000
To Car Loan Account 10,10,000

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