what is journal entries for Vehicle loan
settled with bank after Sale of the
vehicle on profit or loss in case the party
paid check direct to Bank .......???

Answer Posted / pushkar

Loan A/c Dr
to party A/c

Party A/c Dr
to Vehicle
to profit on sale a/c

cash/ bank a/c dr
To, Party a/c

Is This Answer Correct ?    1 Yes 1 No



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