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Can I get a cash loan in the bank?

Anonymous

∙ 11y ago

Updated: 9/27/2023

A bank institution will never hand out a loan in cash money. The bank will almost always make a deposit to your bank account, from which you can then withdraw cash.

Wiki User

∙ 11y ago

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Continue Learning about Finance

Does a bank provide cash for an auto loan?

Yes, a bank can provide cash for an auto loan.

How can you buy credit with cash?

Deposit your cash in any bank. Take out a loan from that bank using your cash as collaterol for the loan. They will usually give you a loan for up to 80% of the deposited amount.

What is the journal entry when you take out a bank loan?

Debit cash / bankCredit loan from bank

What is the journal entry for proceeds of loan from the bank 200000?

debit cash / bank 200000credit bank loan 200000

How to pass journal entry if company take t he loan from bank?

debit cash . bankcredit loan from bank

Related Questions

Does a bank provide cash for an auto loan?

Yes, a bank can provide cash for an auto loan.

How do you record a bank loan in accounting?

Debit cash / bankCredit loan from bank

How can you buy credit with cash?

Deposit your cash in any bank. Take out a loan from that bank using your cash as collaterol for the loan. They will usually give you a loan for up to 80% of the deposited amount.

What is the journal entry when you take out a bank loan?

Debit cash / bankCredit loan from bank

What is the journal entry for proceeds of loan from the bank 200000?

debit cash / bank 200000credit bank loan 200000

What will be the journal entry for if bank grand loan to us?

debit cash / bankcredit loan from bank

What journal should be used to record borrowed cash from a bank?

[Debit] Cash / bank [Credit] loan from bank

How to pass journal entry if company take t he loan from bank?

debit cash . bankcredit loan from bank

What will be the journal entry if a bank loan is return?

[Debit] Bank Loan account xxxx [credit] Cash / bank xxxx

How do you pass journal entry if company take the loan from bank?

debit cash / bankcredit loan from bank

What is the journal entry to record loan received?

debit cash /bankcredit loan payable

Can beyonce loan you cash?

Probably not, she's not a bank.

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