Receipts and payments Account
MOHAMMED KHAN (86 Points)
05 July 2019
where to enter loan taken amount and loan re payment Amount in Receipts and payments Account kindly suggest
2 Replies
vishnu R
(JR ASST ACCONTANT)
(59 Points)
Replied 05 July 2019
credit the Party under current liability and debit the amount while receiving the loan
while paying the loan pass opp entries
while paying the loan pass opp entries
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