Accountancy, asked by manyaagarwal96, 8 months ago

in which sheet does the loan comes​

Answers

Answered by buddubhiraiv
1

Answer:

here is ur ans

Explanation:

When a company borrows money from its bank, the amount received is recorded with a debit to Cash and a credit to a liability account, such as Notes Payable or Loans Payable, which is reported on the company's balance sheet. The cash received from the bank loan is referred to as the principal amount.

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Answered by alisha4352
0

Answer:

Loans and payments are noted in the balance sheet

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