loan taken will be in which side in trail balance
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Explanation:
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Answer:
on the credit side of the trial balance
Explanation:
loan is regarded as a liability hence on the credit side
to make it easier for you . us the method of PEARLS
P- purchases
E - expenses
A- assets
R - revenues
L - liabilities
S-sales
where PEA is on the debit side of the trial balance
and RLS is on the credit side of the trial balance.
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