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loan entry
Bank has transferred loan to loan account. How to show double effect in books of same.
Replies (1)
Check your loan statement with all charges (Ins, Transaction and Other) and Loan Amount...
Create Receipt Voucher :
Cr. Loan A/c - Rs. XXXX
Dr. Bank A/c - Rs. XXXX
Create Journal Voucher :
Dr. Bank Charges / Other - Rs. XXX
Cr. Loan A/c - Rs. XXX
Finally You can get your loan value for new boosted value...
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