1.

5 journal entries related to intrest on loan​

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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