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 / majeedf13
1) journal entry for Car Purchased
Fixed Asset A/c Dr.62930
Interest A/c Dr 6846
To Bank Loan A/c 69776
Every Month Jounal Entry
bank Loan A/c 1191
to Bank A/c 1191
| Is This Answer Correct ? | 7 Yes | 6 No |
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