What the journal entry of Taken a loan from bank i?

BY Bank a/c Dr.

To Loan a/c Cr.

Entry for Loan received

 

By Interest a/c Dr.

To Loan a/c Cr.

Entry for Interest

 

By Loan a/c Dr.

To Bank a/c Cr.

Entry for Loan repaid

loan A/c Dr To bank A/c (Being loan taken from bank)

holiday

Sir i am a commerce student Read in class 11 My question is ...What is the jouranl entry of Loan taken from bank...And i got the answer from you Here...But still i have a doubt that how is it possible..that Bank Is debit...As i have taken loan from bank so bank is the giver....Please tell me tha answer please...

In the Books of Lender: When loan is given by Lender Borrower's Loan Account Debit & Bank Account Credit. Lender has right to get interest on given loan so Interest on Loan Receivable Account Debit and Interest Account Credit

Taken loan from anju of Rs 200000