Received loan from Mr. Ghosh and deposited the same into bank
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Answer:
but what was recived loan first of all tell that or else how could we know
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ANSWER:
1. Received loan for Mr. Ghosh
Loan A/c........... Dr
To Mr. Ghosh A/c
( Being loan received for Mr. Ghosh)
2. Deposited the same into bank
Bank A/c........... Dr
To Cash A/c
(Being Cash deposited into Bank)
EXPLAINATION:
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