A PARTNERSHIP FIRM HAVE TAKEN LOAN FORM BANK THEN WHAT IS
THE ENTRY OF LOAN IN FIRMS ACCOUNT .
- 8 Answers
- 8350 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / anand singh bangari
in the books of firms a/c.
bank loan a/c. dr.
bank a/c.cr.
in the books of bank a/c.
firms loan a/c. dr.
bank a/c. cr.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / sandeep
Loan A/c Cr
Bank A/c Dr
Liability Always Credit and Current Assets Alays Debit
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / mohanj
Bank A/c Dr
to Loan a/c
loan is our liability so credit to the loan a/c.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / mudunoori
Mdhukar saab The Banker gave a loan to the firm then the
Banker will be credited and the bank current account will
be debited.How you think the partners account will be
credited. If you are correct then what will be loan
account. Dont be hasty in posting answer think well before
you answer
| Is This Answer Correct ? | 3 Yes | 1 No |
Anand Singh ji in both the books you credited Bank a/c how
it will be Pl think once
| Is This Answer Correct ? | 1 Yes | 0 No |
Expand-----SICA
expand-------TSR
You configured new asset accounting with three depreciation areas that post in real time. You need to do a partial scrapping to an asset in transaction type. How many document does the transaction create ?( any 1 answer) 1 3 4 6
diffrence between the profit center and business area
15. Which statement about ADRs is true? a) An ADR is the receipt for the shares of a foreign based corporation held in U.S bank b) ADRs do not trade on U.S exchange c) ADRs give non U.S investors a way to buy non US company shares in the US market. d) The holder of an ADR is entitled to only the dividends for the security
4 Answers Capital IQ, FactSet Systems, Wells Fargo,
Concept of NAV and its formula?
EXPAND______________PCB
we calculate appreciation for asset what is it?
what are the difference between bookkeeping and accounting ?
what is a reconcilation statement
18) Difference between Income & Expenditure and Profit and Loss Account?
4 Answers D-Mart, JPMorgan Chase,
tell me about accounting
Audit 
