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What will be journal entry if a bank gives loan?
bank a/c dr to bank loan a/c
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 is the journal entry to pay the interest on a loan?
Debit interest on loanCredit cash / bank
When a car loan company go out of business what happens to your loan?
You continue to pay it as normal because your loan is thru a bank not the actual company, if your financing thru there company then you should be going thru a bank now.
How do you pass journal entry if company take the loan from bank?
debit cash / bankcredit loan from bank
How do you pass journal entry if company take t he loan from bank includes interest?
debit bank accountcredit loan from bankwhen interest incurreddebit interest on loancredit loan from bank
What will be journal entry if a bank gives loan?
bank a/c dr to bank loan a/c
What is the journal entry when you take out a bank loan?
Debit cash / bankCredit loan from bank
What will be the journal entry for if bank grand loan to us?
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 if a bank loan is return?
[Debit] Bank Loan account xxxx [credit] Cash / bank xxxx
What is the journal entry to write off a loan to a company?
debit Retained earningscredit loan to company
What is journal entry of bank overdraft?
Debit cash / bankCredit loan from bank / bank overdraft
If a company gives a director a loan of 15000 how do I record a journal entry what accounts is involved?
[Debit] Loan to director 15000 [Credit] Cash / bank 15000
What is the journal entry for a building purchase loan?
[Debit] bank account [Credit] Building loan
Journal Entry for purchase of vechile on loan loan from finance co?
Bank account DR To Loan account
