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Disciple Architects received approval from the bank ( Seebeeay Bank ) for a line of credit facility should the business need it for up to

Disciple Architects received approval from the bank (Seebeeay Bank) for a line of credit facility should the business need it for up to $20,000 and 9% interest per annum on the amount used for the business. is it an account events to record in transaction or not? if it is ,is it asset or liabilty?

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