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Akhil Lakhan Says:- Bank gives loan because they are the professionally financial institutions whose main aim to earn profits.

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12y ago

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What will be journal entry if a bank gives loan?

bank a/c dr to bank loan a/c


When the bank gives adjustment on principal on a loan what account do you debit?

the loan


How do you use bank loans to buy a starter home in the game of life?

One bank loan = $20,000. But if you get a bank loan, you have to pay $25,000 back to the bank by the end of the game. The bank gives you $20,000 when you get a bank loan, and you can use that money to pay for your house. Just remember one bank loan is essentially -$5000.


What is the equaity loan on a new house?

An equity loan is where the bank gives the borrower cash for the loan amount. In return for the money the bank now owns that portion of the new house.


Will an American Bank gives loan without job?

The simple answer is no. You must be employed to receive a loan from a bank as otherwise they have no proof that you will pay it back. Hope this helps.


Whether banks can give loan on agricultural land in India?

i am not sure about it but today i went to the bank for the same as i also needs loan against my agriculture land. The person there said yes to me that SBI bank gives loan against agriculture land. So i hope so that this bank gives loam against agriculture land.


Where can one find secured loans for homeowners?

One can find a secured loan if they are a homeowner by going to their local bank. The bank can give them options for their secured loan, and being a homeowner gives the bank a good source for collateral, so the loan can be for a higher amount.


What is strong credit history that gives the bank good reason to approve the loan?

A-type


What is loan sale in a bank?

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What is easier to pay car loan or bank loan?

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Bank gives you a loan but you still have the grant deed who owns it?

If your property is collateral for the bank's loan there is almost a 100% probablility that, whether you hold the deed or not, they have filed a lien against the property to protect their interests


If a company gives a director a loan of 15000 how do I record a journal entry what accounts is involved?

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