bank a/c dr
to bank loan a/c
Debit cash / bankCredit loan from bank
debit cash / bank 200000credit bank loan 200000
debit cash . bankcredit loan from bank
Debit interest on loanCredit cash / bank
Akhil Lakhan Says:- Bank gives loan because they are the professionally financial institutions whose main aim to earn profits.
Debit cash / bankCredit loan from bank
debit cash / bankcredit loan from bank
debit cash / bank 200000credit bank loan 200000
debit cash / bankcredit loan from bank
[Debit] Bank Loan account xxxx [credit] Cash / bank xxxx
[Debit] Loan to director 15000 [Credit] Cash / bank 15000
Debit cash / bankCredit loan from bank / bank overdraft
debit cash . bankcredit loan from bank
[Debit] bank account [Credit] Building loan
Bank account DR To Loan account
If a company gives a director a loam of 15000 you will record it on the debit section of the general journal entry.
journal entry to write off a loan