A person pays and EMI of $750 to a bank,the EMI included $400 of principle amou

A person pays and EMI of $750 to a bank,the EMI included
$400 of principle amount pass journal entry

Question Posted / pradi

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A person pays and EMI of $750 to a bank,the EMI included $400 of principle amount pass journal entr..

Answer / rocky

bank loan dr 400
int on loan dr 350
to bank 750

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21 Yes

1 No

A person pays and EMI of $750 to a bank,the EMI included $400 of principle amount pass journal entr..

Answer / raghu.v.

Interest a/c Dr
Loan provider a/c Dr
Bank A/c

Is This Answer Correct ?

2 Yes

3 No

A person pays and EMI of $750 to a bank,the EMI included $400 of principle amount pass journal entr..

Answer / naveen

principle amount A/c Dr $400
Interest A/C Dr $250
To EMI on loan A/C $750

Is This Answer Correct ?

0 Yes

1 No

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