Vehicle Loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 June 2010
Hi Experts,
We have purchased a vehicle for office use i want to know what is the entries ihave to pass in tally9.
first payment 235964/-
installment 16029/-
amount financed 443040/-
36 installments
thanks in advance.
We have purchased a vehicle for office use i want to know what is the entries ihave to pass in tally9.
first payment 235964/-
installment 16029/-
amount financed 443040/-
36 installments
thanks in advance.
07 June 2010
CAR DR. (235964+443040)
TO BANK/CASH CR.235964
TO BANK CAR LOAN A/C CR. 443040
AFTERWARD , YOU HAVE TO MADE ENTRY MONTLY FOR INSTALMENT
BANK CAR LOAN A/C DR (PRINCIPAL AMOUNT)
INTEREST ON AUTOLOAN DR (INTEREST IN INSTALMENT)
TO BANK A/C CR. INSTALMENT AMT (16029)
TO BANK/CASH CR.235964
TO BANK CAR LOAN A/C CR. 443040
AFTERWARD , YOU HAVE TO MADE ENTRY MONTLY FOR INSTALMENT
BANK CAR LOAN A/C DR (PRINCIPAL AMOUNT)
INTEREST ON AUTOLOAN DR (INTEREST IN INSTALMENT)
TO BANK A/C CR. INSTALMENT AMT (16029)
07 June 2010
Agree with expert.
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 June 2010
B.K. Bansal Sir Thank you
07 June 2010
well explained by Bansal ji
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