what is the journal entry for bank guarantee? And under
which account group(asset or liabilities)it will come and T
CODE for posting bank guarantee ? pls elaborate ........



what is the journal entry for bank guarantee? And under which account group(asset or liabilities)i..

Answer / Chetan Rawat

The journal entry for a bank guarantee consists of two parts: an asset account and a liability account. The asset account represents the amount paid by the creditor to secure the guarantee, while the liability account reflects the debtor's obligation to pay the creditor if certain conditions are met. The asset account is typically debited, and the liability account is credited.nIn SAP, you can use the following accounts:n- Asset Account: 4015 - Security Deposits (DR)n- Liability Account: 4020 - Loans Receivable (CR)nT CODE for posting bank guarantee in SAP is OB89 (Bank Guarantee Management).

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