Interested to Buy Any Domain ? << Click Here >> for more details...
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!
- 10 Answers
- 45671 Views
- I also Faced
- E-Mail Answers
Answer Posted / nayan chauhan
For taking the loan from bank entry would be :-
Bank a/c dr.
To bank loan a/c
And refinancing it in to new two loan :-
Old bamk loan a/c dr.
To new bank loan 1 a/c
To new bank loan 2 a/c
Only two new loan will be shown in the liabilities side of
B/s.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Where to enter bonus and pf esi in tally pls help for me
What is difference between cash flow and funds flow?
What is the difference between Deffered Tax Assets & Deffered Tax Liabilities
why you want to join the banking and finance industry?
how to calculate share values of a company.
Short Answer on _________Business
is advance against FD or RD is treated as NPA .if EMI is not in scheduled . or classification of npa as per day is is made from sanction date or last payment date of repayment . please suggest me
WHAT IS THE DIFFERENCE BETWEEN PUBLIC COMPANY AND PRIVATE COMPANY? MUTUAL FUNDS? GOOD WILL? ABOUT YOUR PROJECTS?
How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?
WHAT TYPES OF ESSAYS ARE GIVING IN BANK OF AMERICA? CAN ANY ONE HELP ME
why are you selecting for the controlling area same company code?
Who is called consignor
what is exercise duty how to calculate that and how to update in tally
objective of accounting
In Oracle Applications will Translation will create any journal entry then what is the journal entry what are the accounts affected
