Check sibling questions

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

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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)

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Example 3:-

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

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 12 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.