Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 3 Answers
- 27236 Views
- Steel Craft, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / binoy abraham
1. First Entry
Fixed Assets A/c Dr 62930
Interest Supence A/c Dr 6846
To Bank Loan A/c 69776
2. Monthly 2 entries
Bank Loan A/c Dr 1191.00
To Bank Current A/c 1191.00
Interest A/c Dr 142.63 (6846/48) for monthly int
To Interest suspence A/c 142.63
| Is This Answer Correct ? | 15 Yes | 6 No |
Answer / 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 |
Answer / 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
| Is This Answer Correct ? | 0 Yes | 10 No |
Explain what is double-entry accounting? Explain with an example?
Define offset accounting?
bookkeeping, and accountancy,purchase procedure , Educational institutions ;, secretarial practices, Administratire and Academic rules and regulations in Government offices, Academic institutional , computer skils. etc
What will be the Journal Entry for this? Purchases goods from vendor worth Rs.20000.VAT included 4%.
Define social responsibility accounting
If a paid to b rs.1000 on behalf of c what is the entries in The books of a,b,c pls pass the entries
9 Answers ABC, Accenture, Genpact, Goldman Sachs, JPMorgan Chase, Okaya, Triburg,
how we mainatin account for a construction company or firm
fixtures of the the book value rs.2500 sold off at rs. 1600 and new fixtures of the value of rs.4000 were acquired what would be amount of capital loss if cartage on purchase is rs. 5? a.2500 b.900 c.1605 d.4005
What is bills in accounts.
why net profit add in capital in balance sheet
i have purchase goods for Rs.100 and company say you sell this goods for Rs. 80 and raised a debit note for diffrence amount and he fix 5 % commision on sales value what is journal entry passed in tell with narration?
what is the amount withdrawlfrom other cbs branch by multicity chequ book.
Audit 
