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How will I post entries to Tally If I purchased a Car in
Loan.
The principal Amount = 62930
Interest = 6846
Total = 69776
We have to pay Rs 1191 every month for 4 years
which include Principle amount and interest. how can I post
the monthly entries to tally
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Answer Posted / ravi
loan taken = 62930
interest = 6846
total = 69776
we have issued 48 postdated cheques so every month 1 cheque
will be cleared of amounting 1191*48 = 57168
every month one cheque amounting to 1191 will be cleared
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