Hey There,
I am currently studying a BA Business and Finance degree! For a piece of coursework i'm required to set up some accounts.
Firstly where on the miscellaneos bank payments does a Bank Loan Capital Repayment go!? And also where is it posted to afterwards the Balance Sheet or the P&L Account?
Secondly how about a Loan Finance Receipt?! The Balance Sheet Or The P&L?!
I would appreciate any help at all!!
Thanks for reading this
Jon

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