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
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Answer Posted / dharmesh sati
Entry No. 1
Bank Account Debit & Loan Account Credit with full amount
of Loan.
Entry No. 2
Loan Account Debit (Principal part from EMI)
Interest Account Debit (Interest Part from EMI)
Bank Account Credit
| Is This Answer Correct ? | 68 Yes | 12 No |
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