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 / satya prakash
Purchase Car:-
Car A/c Dr ( By Entire cost of Car )
To Party A/c Cr ( Party Name from we purchase Car )
Payment to Party:-
Party A/c Dr
Loan Processing Fee Dr
To HDFC Loan A/c Cr
EMI Paid to Bank:-
HDFC Bank Loan A/c Dr. ( Principal Amt. )
Interest On Loan A/c Dr. ( Indirect Exp. )
Bank or Cash A/c Cr.
Is This Answer Correct ? | 43 Yes | 3 No |
Post New Answer View All Answers
what is the limit of cash payment in a manufacturing firm and job work related work and how much we paid to the job worker cash payment in financial year Aslam
If a consultant charged his fee n receive so can i pass the journal entry n how i can i maintain bal sheet
Define dual aspect term in accounting?
Tell me what is gaap?
Can anybody tell me diference between provisions of Profit and Loss account prepared as per company act & Income Tax Act?
What is liabilities and what all does include in current liabilities?
Describe a time when you have not met your goal?
sir i want know how to fill vat return
what is loan operations and what are the complete process form from making customer to closure of loan
What is mutual fund sub accounting?
What does the abbreviation m mean in accounting?
What is royalty reserve?
What is use of statistics in accounting?
8. What is the difference between: a. Direct Costing Method and Absorption Method. b. Fixed Cost and Variable Cost.
WHAT IS THE PORTFOLIO MANAGMENT SCHEMES ? ITS WHICH TYPES INCOME ?