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The correct double-entry for the repayment of a personal loan with a business cheque: O Dr. Loan a/c Cr. Bank a/c O Dr. Bank a/c

The correct double-entry for the repayment of a personal loan with a business cheque: O Dr. Loan a/c Cr. Bank a/c O Dr. Bank a/c Cr. Loan a/c O Dr. Bank a/c Cr. Capital a/c O Dr. Drawings a/c Cr. Bank a/c Next

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