Loan amt payment
This query is : Resolved
Fakher Alam
(Querist)
31 May 2016
Mr. A taken a loan of rs 200000
Mr.b paid the loan amountof mr a by depositing cash in mr a loan account
Then how to pass entry in both account a and b
Pls help me
CA Rohit Jain
(Expert)
31 May 2016
debit loan account credit Mr B's account
Fakher Alam
(Querist)
31 May 2016
Sir how to close loan a/c ledger
CA Rohit Jain
(Expert)
31 May 2016
By debiting loan account you are automatically closing loan account
Fakher Alam
(Querist)
02 September 2016
but a/c b will be stand another loan a/c
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