The accounting entry required when the bank advises that a bank loan has been approved is: (a)
Question:
The accounting entry required when the bank advises that a bank loan has been approved is:
(a) Debit Bank account credit Cash account
(b) Debit Bank account credit Bank loan account
(c) Debit Cash account credit Bank loan account
(d) Debit Cash account credit Bank account
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b Debit B...View the full answer
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Related Book For 
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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