Entry for the settlement of loans?

Answer Posted / sumitra.raghavan

loan a/c dr
interest on loan a/c
to bank

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How and by whom the Percentage of Depreciation is fixing?

1969


What is corporate restructuring?

2043


What is Financial planning?

1616


I was born on 4th may 1981 iam i eligible to apply for SBI clerical job vacancy

1690


DIFFERENCE BETWEEN THE DEPRICIATION AND IMPOSEMENT? DIFFERENCE BETWEEN THE CAPITAL LEASE AND FINANCE LEASE?

1636






How can i prepare MIS report for Finance?

1984


You configured new assets accounting for your company code with three depreciation areas that post in real time. When posting an external acquisition. How many documents are created?( any 1 answer) 2 3 4 6

1584


outstanding expenses, prepaid or unexpired expenses

3536


Dear all, Could you suggest me that if got a job in a/cs in Big org but on payroll of Outsourcing company,What should to prefer the company payroll or job the ?

1635


Expand-------NBTA

1671


Define Payee

1642


You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.

1852


what is the use of accounting standards

1468


We are running an educational institution in Karnataka,India. Is there any ceiling stating that if gross salary is upto this then only incentive or bonus can be paid?

1618


state and explain THREE types of situation to which accounting concept might be applicable

1689