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Borrow loan 50000 from bank and paid 15,000 to bank against loan. what will be journal entry for both and effects on working capital.

Bank Financing
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Question added by javed karim
Date Posted: 2015/09/18
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Paulose Antony
by Paulose Antony , Senior Finance Manager , Ali Alghanim & Sons General Trading Co, Kuwait

Bank Current account  Dr 50,000

To Bank Loan  50,000

 

 

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