Accounting enttry

Bank a/c dr

to Bank Loan A/c..

Similarly while repayment its reverse of that entry to the extent of principal amount

I think it would be a cash credit account, right?

At the time of loan credit entry will be 

Dr. Bank A/C .......

Cr. Bank Loan  A/C ......

Repayment Entry Will Be..... 

Dr. Bank Loan A/C ....

Dr. Interest On Bank Loan...

Cr. Bank A/C.........

Hello,

Loan Taken

Bank A/c Dr.

   To Bank Loan A/c

(Being Entry for Loan taken & Money received in Bank Account

At the time of Repayment

Bank Loan A/c.(Principal Repayment) Dr.

Interest on Loan Account a/c. Dr.

             To Bank Account(Instalment Amount)

(Being Entry for EMi Repayment.)

Originally posted by : Gopi Rajput
	This is a contra entry. Bank account DR. To loan account.

it is incorrect