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On 1 March 2022, SA Attorneys received a loan of R200 000 from SA Bank. Interest is charged at 8% per annum and the loan
On 1 March 2022, SA Attorneys received a loan of R200 000 from SA Bank. Interest is charged at 8% per annum and the loan is repayable in monthly instalments of R5 000. The account(s) debited and the account(s) credited in the general ledger will be: Select one: a. Account(s) to be debited Account(s) to be credited Loan: SA bank Business bank b. Account(s) to be debited Account(s) to be credited Business bank Loan: SA bank c. Account(s) to be debited Account(s) to be credited Loan: SA bank Trust bank d. Account(s) to be debited Account(s) to be credited Trust bank Loan: SA bank
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