Accountancy, asked by kunalkale1630, 2 months ago

took loan from mr. Strom 25000

journal entry ???

Answers

Answered by Maenanoon

1

Answer:

Cash A/c Dr. 25000

To Loan A/C 25000

Explanation:

Since Cash is coming in, so you debit Cash

And the loan liability is being created, so credit Loan A/C

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