to start a business,
loan from bank 7 lacs
cash from account 3 lacs
how these two transactions will be recorded in the books of accounts by passing relevant journal entries?
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Answer:
In 1 times he send 1.5 thousand
and in 2 times he send 3 lakh
total loan 7lakh
and he gives 3lakh
7lakh - 3 lakh = 4lakh he give more
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