what is journal entries for Vehicle loan
settled with bank after Sale of the
vehicle on profit or loss in case the party
paid check direct to Bank .......???




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what is journal entries for Vehicle loan settled with bank after Sale of the vehicle on profit o..

Answer / pushkar

Loan A/c Dr
to party A/c

Party A/c Dr
to Vehicle
to profit on sale a/c

cash/ bank a/c dr
To, Party a/c

Is This Answer Correct ?    1 Yes 1 No

what is journal entries for Vehicle loan settled with bank after Sale of the vehicle on profit o..

Answer / sumathy

Bank a/c dr
To loan a/c cr

Is This Answer Correct ?    0 Yes 0 No

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