Please tell the journal entry for (v) part. Here A's loan(Dr) is ? 35500.
Dear Student
As per the given information following entries can be made for v) part
Regards
As per the given information following entries can be made for v) part
JOURNAL | |||||
---|---|---|---|---|---|
Date | Particulars | L.F. | Debit | Credit | |
C's Capital A/c | Dr. | 35500 | |||
To A's Loan A/c | 35500 | ||||
(Being loan of A utilised by C) | |||||
C's Capital A/c | Dr. | XXX | |||
To C's Loan A/c | XXX | ||||
(Being amount due to C transferred to his loan A/c)) | |||||
Regards