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.

14 March 2025 How to Make Journal entry of Loan taken against Property
and repaid journal entry.

14 March 2025 As usual Dr. loan account & Cr. Bank acc.
Reverse it when repaid.

04 October 2025 Good luck...


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