Ask Me Help Desk
>
Business & Careers
>
Accounting
> How to pass the down payment entry
PDA
View Full Version :
How to pass the down payment entry
simiarnav
Sep 8, 2010, 02:20 AM
We take a loan, how to pass the down payment entry
pready
Sep 8, 2010, 06:44 AM
Debit Notes Payable for the amount of principal paid
Debit Interest Expense for the amount of interest
Credit Cash for the total payment.