Journal entry of borrowed from Haryana financial cooperation
Answers
Answered by
2
Answer:
Cash/Bank A/c Dr.
to Haryana financial cooperation A/c
Explanation:
Answered by
1
Answer:
whenever loan is taken from the bank by an business enterprise…org. Incurs liability to pay the loan amount…and org. Receives sum of amount.
As per the rules
Debit the receiver
Credit the giver
Here bank is giver
Bank loan would be credited.
Debit what comes in and credit what goes out
Org. Is receiving money
Cash or bank would be debited
thanks...........(◍•ᴗ•◍)❤
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