Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 52062 Views
- ABC, I also Faced
- E-Mail Answers
Answer Posted / khalid ansari
Car A/c Dr. (Entire Cost of the car - on the Asset side)
To Car Loan A/c.... Cr. (Loan amount taken from bank without interest amount payable )
To Bank A/c..... Cr. (Initial down payment made by your client out of his own funds)
When your client makes payment towards instalments Pass the following entry
Car Loan A/c .... Dr ( loan element / Principal amount repayment in the instalment) (effect on Liability side of the Balance sheet)
Interest on car loan A/c Dr. (Interest element in the instalment) (P/L A/c item )
To Bank A/c .. Cr. (Entire Instalment amount)
| Is This Answer Correct ? | 16 Yes | 3 No |
Post New Answer View All Answers
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
shyam consigned 200000 unit @ rs 5/-each to mr ram and paid freight and insurance amounting to rs 100000.ram spent further following amount: 1) insurance rs 5000 2) godown rent rs 4000 3) clearing rs 6000 2000 unit were damages during transits due to heavy rains. Ram sold 100000 unit @rs 10 per unit . ram realisec solvage value of damage unit rs .2000 ram is get 5% commission on sale determine the abnormal loss?
What's the accounting entry when an Invoice is created in AR?
what is the right process for input credit of Service tax. and on which service i can take credit.
hi, this is shanthi kumar(M.Com). i would like to attend interview in genpact company.please send finance interview questions and interview details. thank u very much
What is accrual accounting?
What are the columns of a journal?
HI FRNDS THIS IS NARESH I DONE MBA (FINANCE)IN 2011. AND I DID COMPLETE SAP FICO.I WANT TO DO START CAREER WITH SAP FICO PLZ TELL ME PLZ HAVE ANY INTERVIEW AS FRESHER IN HYD OR PLZ SEND THIS MAIL...NAINALA.NARESH@GMAIL.COM
What is a contra entry
One Institute, after completion of course not issue any certificate to students, they issued certificate from other branded institute with cost (Kindly provide the term of this expenditure to appear in P&L a/c)
How Can We Justify the,Real A/C & Nominal A/C?
Define executive accounting?
hai everone,can anyone send me the accounting ,finance,general interview questions for mba freshers plz.....urjent
how pass journal entry in the month ending for input vat and out put vat
Tell me what is project implementation?
