loan entry

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Bank has transferred loan to loan account. How to show double effect in books of same.
Replies (1)

Check your loan statement with all charges (Ins, Transaction and Other) and Loan Amount...

Create Receipt Voucher :

Cr. Loan A/c - Rs. XXXX

Dr. Bank A/c - Rs. XXXX

Create Journal Voucher :

Dr. Bank Charges / Other - Rs. XXX

Cr. Loan A/c - Rs. XXX

 

Finally You can get your loan value for new boosted value...


CCI Pro

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