how is executors account loan is prepare when it is given for equally installment?

Executor's Loan Account is prepared in the following manner:

Executor’s Loan Account (for more than a year)

Dr.

Cr.

Date

Particulars

Amount

(Rs)

Date

Particulars

Amount

(Rs)

 

 

 

 

 

 

 

Cash A/c / Bank A/c (Principal + Interest)  Ist Installment

 

 

Executor’s A/c

 

 

Balance c/d

 

 

Interest A/c

 

 

 

 

 

 

 

 

Cash A/c / Bank A/c (Principal + Interest)  IInd Installment

 

 

Balance b/d

 

 

Balance c/d

 

 

Interest A/c

 

 

 

 

 

 

 

 

Cash A/c / Bank A/c (Principal + Interest)  IIIrd Installment

 

 

Balance b/d

 

 

Balance c/d

 

 

Interest A/c

 

 

 

 

 

 

 

 

 

 

 

 

 

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As partner being dead so executors loan account is made

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