CBSE Class 11-commerce Answered
loan taken from everest bank rs 50000(the amount directly deposited into bank account
Asked by alexbhandari388 | 24 Aug, 2019, 09:51: PM
Expert Answer
Entry to be passed for loan taken and amount deposited into bank is as follows:
Bank A/c. ..Dr. 50,000
To Loan A/c. 50,000
(Being loan amount deposited in bank and loan recorded as liability)
Answered by Surabhi Gawade | 25 Aug, 2019, 11:26: AM
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