loan taken for car for office use 1,00,000 pass the journal of
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cash acc.........dr 100000
to loan acc 100000
to loan acc 100000
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Answer:
bank A/C Dr. 1,00,000
To loan A/C 1,00,000
Explanation:
bank account will be debited because whenever we take loan the amount goes in our bank account if u will write cash instead of bank acc. then the question will be wrong hope u get it
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