For loan a/c entry

1 st. entry will be

Salary. A/c Dr 15000

To salary payable to employee A/c Cr 15000

( being salary payable )


when. salary paid after deduction of loan entry will be

Salary payable to employee A/c Dr 15000

To loan A/c Cr. 10000

To Bank. A/ c Cr. 5000

( being salary. paid )

Salary payable to employee A/c Dr 15000

To loan A/c Cr. 10000

To Bank. A/ c Cr. 5000