Question

2april2020 apply for a bank loan 1200000

10april2020 loan sensation for 100000 credited on same date bank charge 5000 tell journal entry

Answer 1

Answer:

Apr. 2 No entry as there is no transaction took place

Apr.10 Bank a/c. dr 100000

To bank loan a/c. 100000

Apr. 10 Bank charges a/c. dr 5000

To bank a/c. 5000