taken loan from Private person(Dec'2014) - Rs. 6 lac and already interest paid for the year 115200 but interest taken for A/c Rs.38400/-.(upto March2015). remaining amount for this year i.e. 76800/- how to enter in tally. please clearify
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Answer / murali
pre paid a/c,Dr 76.800
Borrower a/c Dr 38,400
To bank a/c 1,15,200
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