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hi friends... what it is the journal entry to be passed when
the loan sanctioned by one bank and same the cheque was
deposited in another bank on same day.?
thanks & regards

Answer Posted / xyz

very simple
supose loan is sanctioned by bank 1 and the cheque was
deposited in bank 2 the entry will be

bank 2 a/c
to bank 1 a/c

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