debit cash / bank
credit loan from krishna
debit cash /bankcredit loan payable
There is no journal entry for loan repayment schedule rather journal entry is made when actual payment is done or installment is paid.
Loan from ragu A/c dr cash
debit cash / bankcredit loan from bank
[Debit] bank account [Credit] Building loan
journal entry to write off a loan
debit cash /bankcredit loan payable
There is no journal entry for loan repayment schedule rather journal entry is made when actual payment is done or installment is paid.
Debit cash / bankCredit share capital
Journal Entry:Interest on loan a/c xxxxLoan a/c xxxx
Loan from ragu A/c dr cash
Debit cash / bankCredit loan from bank
debit Retained earningscredit loan to company
[Debit] bank account [Credit] Building loan
bank a/c dr to bank loan a/c
debit cash / bankcredit loan from bank
Bank account DR To Loan account