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What the journal entry of Taken a loan from bank i?

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Question added by Payal tharani
Date Posted: 2017/09/07
Clement Charles
by Clement Charles , Finance Manager , PT.Sumber Mitra Jaya

BY Bank a/c Dr.

To Loan a/c Cr.

Entry for Loan received

 

By Interest a/c Dr.

To Loan a/c Cr.

Entry for Interest

 

By Loan a/c Dr.

To Bank a/c Cr.

Entry for Loan repaid

Nigdy nie sądziłem, że powrót do kasynówek po kilku latach przerwy okaże się takim strzałem w dziesiątkę. Podrzucił mi link brat, bo sam już od miesięcy gra i zarzekał się, że "to miejsce daje radę". Odpaliłem billionaire spin na próbę i po kilku minutach na ruletce byłem w szoku – nie tylko wygrałem sporo, ale atmosfera gry była zupełnie inna niż na tych sztampowych portalach. Gram z Gdańska i wiem, że tu też mamy swoją ekipę fanów hazardu ð

loan A/c Dr To bank A/c (Being loan taken from bank)

holiday

Sir i am a commerce student Read in class 11 My question is ...What is the jouranl entry of Loan taken from bank...And i got the answer from you Here...But still i have a doubt that how is it possible..that Bank Is debit...As i have taken loan from bank so bank is the giver....Please tell me tha answer please...

Ali Raza Shah
by Ali Raza Shah , Group Banking, Trade Finance,Insurance & Marine Officer , Alsaad General Contracting Co. Ltd.

In the Books of Lender: When loan is given by Lender Borrower's Loan Account Debit & Bank Account Credit. Lender has right to get interest on given loan so Interest on Loan Receivable Account Debit and Interest Account Credit

Taken loan from anju of Rs 200000

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