Entry for the settlement of loans?

Answer Posted / sumitra.raghavan

loan a/c dr
interest on loan a/c
to bank

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

i am the student of icwai (intermidiate) What is the tds and how use the different state ..

1613


How and by whom the Percentage of Depreciation is fixing?

1945


ER-1, ER-2,ER-3,ER-4,ER-5,ER-6,ER-7 plz tell me use of these excise form

1347


SOUTH ATLANTIC OIL AND GAS INC.is a fraud company

1610


Expand------------STRA

1613






we can add the no. of increase in shares due to exercise of options,convertible debentures,warrants etc.Why diluted eps is calculated separately?

1544


What do you mean by Adjustment

1429


EXPAND_________SCM

1773


whether unsecured loans written off can be transferred directly to capital reserve without crediting it to profit and loss account

1839


how we could adj. the entries of prop. & firm in merging time

1506


Nature of training account with reason

1097


Short Answer on _____________Whole Sale Trade

1665


what is the organisation chart for accounting and finance ?

1911


What is meant by consignment

1667


Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?

604