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5 journal entries related to intrest on loan |
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Answer» Answer: 1intrest on loan a/c DR To cash ( being intrest on loan paid) 2 intrest on loan a/c dr To intrest on loan Paylbe (Being intrest CHARGED but not paid [OUTSTANDING ]) 3 cash a/c dr To intrest on loan ( being cash RECEIVED for intrest on loan ) 4 |
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