Question

Borrowed loan from mr.Trilok ₹40,000......simple cash book entry

Answer 1

first see the journal and then u will easily get the entry for cash book

journal entry will be

cash A/C dr 40,000
to mr trilok a/C 40,000.

here you can see that the cash is coming in the business so it will be noted on the dr side of cash book

and the reasons due to which it is debited is creditors.

so you will do the. entry on the dr side of cash book

which will be

To mr trilok a/C. 40,000

Answer 2

Journal entry

Cash    A/c    Dr  40000

       To Loan from Trilok  A/c             40000

(being loan borrowed from mr trilok )

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Cash comes into business therefore its debited

Loan from is trilok is the liability where its payable to Mr trilok therefore its credited