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

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Posted by:
Muhammad Rashid
17-May-2015

Loans Journals

Question ajoutée par Payal tharani
Date de publication: 2017/09/07

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par 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

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par Junika Tamang

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

holiday

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par Sohan Deb

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...

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par 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

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par Nitul Haque

Taken loan from anju of Rs 200000

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