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 / 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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