How to Make Journal entry of Loan Taken against

This query is : Resolved 
Quick Summary
This discussion explains how to record a journal entry when you take out a loan against your property. You'll debit your loan account and credit your bank account. To reverse this entry when the loan is repaid, you simply reverse the debit and credit.

Profile Image

Profile Image

(Querist)
14 March 2025 How to Make Journal entry of Loan taken against Property
and repaid journal entry.
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
14 March 2025 As usual Dr. loan account & Cr. Bank acc.
Reverse it when repaid.
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
04 October 2025 Good luck...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member DHANASHRI KARMARKAR DHANASHRI KARMARKAR Pro Member KayOne ConsultingKayOne ConsultingPro Member AGNIHOTRAM RAM NARAYANAAGNIHOTRAM RAM NARAYANAPro Member NISHANT SIPANINISHANT SIPANIPro Member Amar HiroAmar Hiro
Subscribe to Pro
Join an elite circle of professionals



Answer Query



Quick Links



Browse by Category