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
- 44995 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
what are responsibilities of an accountant in a company?
where we have file E-returns in SAP FICO-CIN/Wtax?
hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units
What is the quality of the accountant & rights ? hansika.kk@gmail.com
How many types we are received funds in business purpose
Can anyone give comparative data of NPA(non performing assets) of nationalised banks or BANKS IN INDIA for the last 5-10 years if possible with bifurcation substandard doubtful loss asset
Short Answer on _____________Whole Sale Trade
WHAT IS PROSPECTUS?
Dear All, myself B.k Singh graduate with B.Com and PGDBM - Finance, I was worked with Service Company for 6 yrs.Now past 2yrs working with Real Estate,moreover I want to some course short term, plz guide me.
what amounts to appropriation of profits? When provision for taxation does not amount to appropriation of profits?
Expand BEMS
Difference Between Revenue & Capital Expenditure (Give an Example of each )
intorduse your self ? what to say if iam fresher.
is it possible that on dealer of work contract can opt composition and non-composition both scheme in dvat?
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
