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A PARTNERSHIP FIRM HAVE TAKEN LOAN FORM BANK THEN WHAT IS
THE ENTRY OF LOAN IN FIRMS ACCOUNT .

Answer Posted / 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.

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