Treatement of Vehicle Loan Instalment
This query is : Resolved
07 July 2008
i just want to know that, my director purchased car on finance company. LOan instalment is 10th of every Month. i want to know that where this ledger grouped. if i grouped in secured loans it is correct or not, if it is not correct please let me know this transations
07 July 2008
Yes u group it under the Head Secured Loan if the car has been purchased in the Name of the Company.
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