Question

Received repayment of a loan Rs. 5000 and deposited out of it Rs. 4000 in the bank what is journal entry

Answer 1

cash a/c dr 5000
to loan a/c. 5000
bank a/c. dr 4000
to cash a/c. 4000

Answer 2

Answer:

In the books of Journal entry

Particulars            Amount    Amount

1) Bank A/C     Dr.       5000

    To, loan A/C                        5000

[ Received repayment of loan ]

2) Bank A/C     Dr.        4000

    To, cash A/C                         4000

[ Cash deposited in the bank ]

Explanation

Notes: For the 1st journal entry, the bank received the repayment of loan Rs. 5000. so, Bank A/c increase in the cash balance. For the 2nd journal entry, bank A/C increased, As, cash deposited into the bank.