Question

Received loan from sunil and deposited into bank 12000 make journal entry

Answer 1

Answer:

Bank a/c-DR

to Sunil a/c-Cr

Explanation:

Because loan was received from suni l who is a giver and he deposited it into bank ...!

Answer 2

Bank A/C Dr..... ₹12000

To loan from Sunil A/C ₹12000

(Being the loan from Sunil deposited into bank)

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