Loan
This query is : Open
23 February 2019
Loan taken for personal purpose but the client have only one bank account ie business account the amount credited to business account how to show in books
24 February 2019
Loan and its repayment may be routed through 'drawings' account.
24 February 2019
How to record entry when amount credited to bank?If we withdraw amount also?
24 February 2019
How to pass entry when amount credited to bank?Also if amount withdrawn?
24 February 2019
* Bank a/c Dr
To Drawings A/c
(Being loan taken for personal purposes deposited in firms's former a/c)
* Drawings a/c Dr
To Bank a/c
(Being money withdrawn from firm's latter a/c against the deposit of amount out
of loan availed for personal purposes)
To Drawings A/c
(Being loan taken for personal purposes deposited in firms's former a/c)
* Drawings a/c Dr
To Bank a/c
(Being money withdrawn from firm's latter a/c against the deposit of amount out
of loan availed for personal purposes)
24 February 2019
Sir loan taken for business purpose and want to use for personal purpose then how to record entry there will be liability o/s from bank in the books of business?
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