Accountancy, asked by ginogaming963, 6 months ago

borrowed loan from kumar journal entry for this ​

Answers

Answered by TheBrainliestKid
2

Answer:

Bank a/c Dr

To Loan from Kumar a/c

Explanation:

Bank (Real account) is debited as cash is received (Debit what comes in, Credit what goes out) and Loan from kumar (Personal account) is credited as a liability arises to the same extent (Debit the receiver, Credit the giver)

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