i take a loan of 500000 rs. From ICICI bank, after 6 months i paid all from SBI bank. How can i make jv entry?
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Answer Posted / mohamed ishaq
While taking Loan,
ICICI Bank A/C Dr. 500000
To Loan From ICICI Bank Cr. 500000
Settlement After 6 Months;
Loan From ICICI Bank Dr. 500000
To SBI Bank A./C Cr. 500000
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