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
Answer Posted / tej prakash sati
Dr. HDFC Vehicle Loan Account(Principal Amount of first EMI)
Dr. Interest in first EMI
Dr. Bank Account (Loan amount recived in bank)
Cr. HDFC Vehicle Loan Account.
Is This Answer Correct ? | 17 Yes | 10 No |
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