housing loan taken from tata capital housing finance ltd.,how can entry make with interest with sanction amount and documentation charges
- 1 Answers
- 2050 Views
- KMS, I also Faced
- E-Mail Answers
Answer / prasad
Example 1 lakh housing loan,Document charges 2000
1.Housing loan a/c Dr 1,00,000
To Tata capital finance ltd 1,00,000
2.Document charges Dr 2000
To Housing loan 2000
(or)
Housing loan a/c Dr 98000
Document charges Dr 2000
To Tata capital finance ltd 1,00,000
then 1st Instalment repayment
3.Tata capital finance ltd Dr 6,000 (Principle amount)
Interest on housing loan Dr 4,000 (Interest)
To Bank a/c 10,000
Rest of Instalment repayment also same entry but principle and interest amount will be change.
| Is This Answer Correct ? | 0 Yes | 0 No |
what is creditors??
What is the significance of the function y = a + bx?
What do you mean by the working-capital of an organization??? How is it calculated????? Also Define the importance of liquidity ratio along with its formula.
5 Answers BA Continnum Solutions,
whether unsecured loans written off can be transferred directly to capital reserve without crediting it to profit and loss account
If we follow accrual basis of accounting....will it be in conflict conservatism concept?
what is the main link between the income statement and the balance sheet?
what is insider trading?
Good will of Rs 100000 brought by D,a new partner was withdrawn by the partners in equal ratios.Pass required entries
depreciation on plant and machinery send me journal entry
What is the journal entry purchase return in the books of Purchase
What is the difference between govt. company and public ltd. company
how are the items of the p& l linked to the items in the balance sheet
Audit 
