أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
thanks for your invitation
this happens when you already you already paid the loan bank
the entry will be as the following
DR CR
loan bank 10000
CASH 10000
liability is a burden to the company ,if liability increases it must be under the creditside.
Debit the Bank Account ( because the cash is increasing )
Credit the Loan ( Because the liability is increasing )