Bank loan ac.

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(Querist)
23 November 2013 If i take 200000 rs from bank as a loan for my business,then what will be its journal entry?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
23 November 2013 BANK A/C ....DR 2,00,000
TO LOAN FROM ...BANK A/C. 2,00,000
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