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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 / anil kumar tomer

at the time of section no entery will be done but at the
time of deposit the cheque into bank then entry should be

bank a/c dr
to bank loan a/c

Is This Answer Correct ?    3 Yes 0 No



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