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Vehicle loan

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(Querist)
27 October 2018 Sir,

Can u pls guide me for tally entry on car loan through Bank, Includes car purchase and insurance
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Rajnish Singh

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Rajnish Singh (Expert)
09 November 2018 when you purchase vehicle.

vehicle acount debti
to bank loan account


for insurance
insurance exp dr
to bank

( you can create prepaid also in this entry)


when bank loan emi paid

bank loan dr.
interest on car loan dr
to bank

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