Example 1:-

Suppose Loan taken from SBI 20 Lacs @ 15% p.a on 1 April 2016
It is to repaid in 4 years in equal annual instalments.First Instalment paid on 31 March 2017
Instalment repaid at the end of year
Prepare Loan Chart for Next 4 years

View Answer

Example 2:-

Solve last question assuming Loan was taken on 1 April 2016 And first annual installment including interest repaid on 1 April 2017 (beginning of next year)

View Answer

Example 3:-

Solve Q1 assuming Loan was taken on 1 June 2016 And first annual instalment including interest repaid on 31 May 2017

View Answer
  1. Accounts and Finance
  2. Step 5 Preparing Projections and Budgets

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.