POSTED BY December 5, 2013 9:42 pm COMMENTS (7)ON
Would like to understand what does “debit interest” entry means.
I have taken loan for 36,70,000. 1st Disbursement from bank of 9,35,579 on 25th Oct 13. Then there is an entry of Debit interest for amount 1868 on 31st Oct 13. Unable to understand what is this “debit interest” entry for? Kindly help.