Term loan accounting
This query is : Resolved
02 November 2011
what is accounting entry of term loan.
we open a new account and bank disbured the term loan of Rs.1 cr. what is accounting entry we passed in tally.
we open a new account and bank disbured the term loan of Rs.1 cr. what is accounting entry we passed in tally.
02 November 2011
Create Term loan under Secured loan
Dr:Bank a/c
Cr: Term Loan a/c
Dr:Bank a/c
Cr: Term Loan a/c
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