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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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Intermediate Accounting
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
1st edition
978-0133251579, 133251578, 013216230X, 978-0134102313, 134102312, 978-0132162302
