04 April 2017
we take 10 lac loan from pnb bank for 5 years
and 459080 is total interest payable.
23851 is monthly payment emi
accounting entry in tally with leader and group
05 April 2017
when EMI paid every month with full emi Loan A/c Dr (under Loan Liability) To Bank bank will charge separate interest every month Bank Interest A/c Dr. (Indirect Expense) To Loan A/c Closing Balance will be tallied.
CAclubindia
