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i take a loan of 500000 rs. From ICICI bank, after 6 months i paid all from SBI bank. How can i make jv entry?
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Answer Posted / madhulika2011
1) Cash a/c.....................Dr. 500000
To Laon from ICICI Bank a/c 500000
(being cash received from ICICI bank as loan)
2) Laon from ICICI Bank a/c.....Dr. 500000
To SBI Bank a/c 500000
(being payment of loan from SBI bank a/c)
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