![\"\"](\"https:\/\/moiboo.com\/supportwp-content\/uploads\/2021\/07\/image-240.png\")
<\/figure>\n\n\n\n1.Go to Journal under account tab. 3.Now add Description. 6.Select current liability group 9.Now select Loan ledger and add amount under Credit column 12.Select ledger (Loan from Bajaj) and add amount under debit column. Recording An EMI Payment When a term loan or an Asset loan is repaid in Equated Monthly Instalments, The payment includes both Principal and Interest repayments. We will have to calculate the Interest component in the EMI and record it as an Expense. The loan account has to be reduced to the extent of the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":2485,"menu_order":54,"comment_status":"open","ping_status":"closed","template":"","doc_tag":[],"class_list":["post-6251","docs","type-docs","status-publish","hentry","no-post-thumbnail"],"acf":[],"_links":{"self":[{"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/docs\/6251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/docs"}],"about":[{"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/types\/docs"}],"author":[{"embeddable":true,"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/comments?post=6251"}],"version-history":[{"count":1,"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/docs\/6251\/revisions"}],"predecessor-version":[{"id":6259,"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/docs\/6251\/revisions\/6259"}],"up":[{"embeddable":true,"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/docs\/2485"}],"wp:attachment":[{"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/media?parent=6251"}],"wp:term":[{"taxonomy":"doc_tag","embeddable":true,"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/doc_tag?post=6251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
2.Add Journal Button.<\/p>\n\n\n\n![\"\"](\"https:\/\/moiboo.com\/supportwp-content\/uploads\/2021\/07\/image-241.png\")
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4.Then Select date.
5.You can add the details of the new ledger by clicking on the “+” button near the account field.<\/p>\n\n\n\n![\"\"](\"https:\/\/moiboo.com\/supportwp-content\/uploads\/2021\/07\/image-242.png\")
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7.Then Add ledger name.
8.Now Click Create.<\/p>\n\n\n\n![\"\"](\"https:\/\/moiboo.com\/supportwp-content\/uploads\/2021\/07\/image-244.png\")
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10.Select bank and add amount under debit column.
11.Now Click Save.<\/p>\n\n\n\n![\"\"](\"https:\/\/moiboo.com\/supportwp-content\/uploads\/2021\/07\/image-245.png\")
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13.Then select Interest on loan and add amount under debit column.
14.Select bank and add amount under Credit column.
15.Now Click Save.<\/p>\n","protected":false},"excerpt":{"rendered":"