Hello,
I am trying to record the journal entries for taking a loan
and refinancing it into two new loans. How would I show the
closing loan and the opening of two new loans?
Thank you for your help!
Answer Posted / krishna chaitanya
bank ac dr
to loan acc
loan ac 1 ac dr
to bank ac
loan ac 2 ac
to bank ac
Is This Answer Correct ? | 4 Yes | 9 No |
Post New Answer View All Answers
what is Contra Asset?
sir i am working consruction company.we have 4 projects in varrious places.i enter attendance in payroll by project wise.if enter autofill salaries combained all projects.i want individual salaries base on attendance feeding method.because staff are changing in one project to another project offenly.please explain method
what do you mean by accounting (or) why accounting ? ( generally we have to speak about our achivements and goals)
what is pre post expenses
How Are The Balance Sheet And Income Statement Connected?
Short Answer on __________Accrued interest
proprietor pays the hotel expenses of foreign client by his icici bank credit card. and then he pays the credit card bill by canara bank current account. how to pass entries in tally for this secnario
You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.
What is the value of inventory as per Financial Accounts (AS2) and as per Cost accounts? Someone told me that as per cost accounts only works costs is considered in CARR while for FA, AS2 is followed with cost or NRV whichever is lowewr? Please explain the difference.
What is Summarising
all of interview question about coop bank of oromia
What exactly balance sheet depicts
Pls Give me Solution for me. Bcz i m persuing b.a iii But now i m working in accounts . So what i do In future .
Which element do you need to enter during document posting to distinguish between international and local GAAP (generally accepted accounting principle)?(any 2 answer) • Account group for the account approach • Ledger for the ledger approach • Ledger group for the ledger approach • Account for the account approach
We did promotion activity for X co that co is our client ( S Dr) which we sold tickets through our vendor through out north india ... But those vendors adjusted cash with thir bill and remaining balance we received ,, Ticket amount we paid from our co Bank A/c to our client (S Dr) .the amount is too huge so how can i sort out this in books of acconts ..............