taken loan from Private person(Dec'2014) - Rs. 6 lac and already interest p

taken loan from Private person(Dec'2014) - Rs. 6 lac and already interest paid for the year 115200 but interest taken for A/c Rs.38400/-.(upto March2015). remaining amount for this year i.e. 76800/- how to enter in tally. please clearify

Question Posted / latha

1 Answers
3022 Views
College School Exams Tests, I also Faced
E-Mail Answers

taken loan from Private person(Dec'2014) - Rs. 6 lac and already interest paid for the year 115..

Answer / murali

pre paid a/c,Dr 76.800
Borrower a/c Dr 38,400
To bank a/c 1,15,200

Is This Answer Correct ?

1 Yes

2 No

Post New Answer

More Accounting AllOther Interview Questions

What is EPS?

1 Answers

What is the difference between straight line depriciation method and written down value method?

6 Answers Deloitte, Sky n Sea Cargo,

how to prepare HSD statements in tally

0 Answers IBM,

What is mean by Corporate accounts?

5 Answers Cooperative Bank of Oromia,

Who would NOT be considered "independent" in the context of an independent examiner?

1 Answers

Generally which method companies follow in stores? Like (FIFO,LIFO,Simple AVG,Weight AVG...)

5 Answers Capital IQ, HP,

Balance sheet identity

1 Answers

Expand----------STO

1 Answers

what is difference between public sector and nationalised bank?

7 Answers College School Exams Tests, Magnum,

PLEASE GIVE ME THE LIST OF ACCOUNT TYPES AND THEIR HEADS RESPECTIVELY.

2 Answers

Profit is a asset or liability to the company....? If is it a asset or liability....how it is....?

2 Answers ACC, Xerox,

What is miscellaneous expense and when it is used

0 Answers Telco,

For more Accounting AllOther Interview Questions Click Here