Dear all
can you tell me accounting entry in tally for housing top up loan taken for bank which is credited in loan account directly instead to any party
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Housing topup loan
Replies (2)
Loan taken shall be debited to Bank account and credited to Secured or unsecured loan account
Thanks Madam,
But if do so its shows bank A/C balance where in that case in that bank no any other account is present other than this loan account, No doubt amount credited in Loan account under Secure loan A/C but as bank has directly credited amount in loan a/c which account to be debited ?
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