Query regarding loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 June 2013
if a person does not have an a/c with bank say central bank but he is taking loan from that bank then what will be the journal entry for that?will it be
bank a/c dr
to loan taken
bank a/c dr
to loan taken
Ganeshbabu K
(Expert)
05 June 2013
YES, IT IS,
BANK A/C DR
TO CENTRAL BANK LOAN ACCOUNT
BANK A/C DR
TO CENTRAL BANK LOAN ACCOUNT
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