The correct double-entry for the repayment of a personal loan with a business cheque: O Dr. Loan a/c Cr. Bank a/c O Dr.
Posted: Thu Apr 28, 2022 10:37 am
The correct double-entry for the repayment of a personal loan with a business cheque: O Dr. Loan a/c Cr. Bank a/c O Dr. Bank a/c Cr. Loan a/c O Dr. Bank a/c Cr. Capital a/c O Dr. Drawings a/c Cr. Bank a/c Next