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-   -   How to pass the down payment entry (https://www.askmehelpdesk.com/showthread.php?t=505778)

  • Sep 8, 2010, 02:20 AM
    simiarnav
    How to pass the down payment entry
    We take a loan, how to pass the down payment entry
  • Sep 8, 2010, 06:44 AM
    pready

    Debit Notes Payable for the amount of principal paid
    Debit Interest Expense for the amount of interest
    Credit Cash for the total payment.

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