Accountancy, asked by yashkalani11dpsm, 5 months ago

invested in business from taking loan from bank ..
journal entry.....​

Answers

Answered by ILLUSTRIOUS27
1

Explanation:

A loan is an agent lending funds to another agent. This money can be used for investment spending, or it can be used for personal consumption expenditures. ... This is not investment, in the sense that it does not grow the country's capital stock; it just allows it to meet its obligations to past creditors.

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