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ABC co. takes a BDT 500,000 taka loan from a bank account at 5 % interest. Adjusting entry you have to make is as follows:
ABC co. takes a BDT 500,000 taka loan from a bank account at 5 % interest. Adjusting entry you have to make is as follows:
Interest Expense
Interest Payable
What would be the amount you need to put in as debit or credit?
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