loan entry
Ankush (Student) (1364 Points)
19 March 2018
Bank has transferred loan to loan account. How to show double effect in books of same.
RAJA P M
("Do the Right Thing...!!!")
(128070 Points)
Replied 19 March 2018
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...
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