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hi friends... what it is the journal entry to be passed when
the loan sanctioned by one bank and same the cheque was
deposited in another bank on same day.?
thanks & regards
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Answer / anil kumar tomer
at the time of section no entery will be done but at the
time of deposit the cheque into bank then entry should be
bank a/c dr
to bank loan a/c
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / omesh manhas
The journal entry will be :
bank a/c dr (where deposit)
To bank loan a/c. (from loan sanction)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sankeerthana
My Dear Aman Saab according to you are repaying the loan
account by issuing cheque. But the Entry will be
Bank a/c Dr
To Bank Loan a/c
(Cheque recdeived from a bank towards loan was deposited in
our bank account)
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| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / xyz
very simple
supose loan is sanctioned by bank 1 and the cheque was
deposited in bank 2 the entry will be
bank 2 a/c
to bank 1 a/c
| Is This Answer Correct ? | 2 Yes | 4 No |
Answer / aman
BANK LOAN A/C DR
TO BANK ACCOUNT
(BEING LOAN SANCTION BY BANK )
| Is This Answer Correct ? | 2 Yes | 8 No |
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