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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 / sankeerthana
According to the question put by Qayyum Loan was paid after
deducting one EMI. But dear D.S You passed it as amount
received in full. That is wrong. According to you First EMI
payment was made by us.According to me my answer is
Bank A/c Dr 7,40,000/-
HDFC A/c Dr 10,000/-(Assumed Rs 10000 as EMI)
To HDFC Loan A/c 7,50,000/-
(Being loan recived after first EMI adjustment)
| Is This Answer Correct ? | 8 Yes | 11 No |
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