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Requested mr.shorewala for a loan of …

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Requested mr.shorewala for a loan of 50,000 but he paid the amount after deducting the interest in advance for one year@10%.p.a..pass journal entry..

    • Posted by Mohit Kashyap 5 years, 10 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Khushi Sandhu 5 years, 10 months ago

    Cash account,debit Rs.45000 Interest account debit Rs.5000 To mr.Shorewala account Rs.50000

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