My company has taken a car loan from HDFC Bank, Assume 7.5
lacs. but it disbursed after deducted adv emi. how to pass
the jv for that . Plz pass the entry
- 6 Answers
- 49334 Views
- ABC, I also Faced
- E-Mail Answers
Answer Posted / satya prakash
Purchase Car:-
Car A/c Dr ( By Entire cost of Car )
To Party A/c Cr ( Party Name from we purchase Car )
Payment to Party:-
Party A/c Dr
Loan Processing Fee Dr
To HDFC Loan A/c Cr
EMI Paid to Bank:-
HDFC Bank Loan A/c Dr. ( Principal Amt. )
Interest On Loan A/c Dr. ( Indirect Exp. )
Bank or Cash A/c Cr.
| Is This Answer Correct ? | 43 Yes | 3 No |
Post New Answer View All Answers
Explain me what is general ledger account?
What does the abbreviation dr mean in accounting?
How to prepare HSD statements in tally
What do we mean by Redemption of shares and debentures?
what is the difference between accounting and bookkeeping?
if my salary is 12000 per month how much i will get after deducting PF an ESI
What is the definition of manual accounting?
Tell me what are the key tasks for account executive?
Have you ever heard about tds, what it is?
what is lease accounting?? please explain me....
What is liabilities and what all does include in current liabilities?
What is Debit Note and Credit Note? Subsidory Books? Minority Interest? Stock recording in P&L? Outstanding Expenses, Prepaid Expenses and Examples?
How to pass workscontract sale invoice which includes WCT & VAT.
A company primarily operating from own land, takes on rent building for staff quarters. Whether rent paid on such staff quarters qualifies as capital investment?
How to make a vat entry in books including setoff?
