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    ganesh43p's Avatar
    ganesh43p Posts: 1, Reputation: 1
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    #1

    Aug 17, 2010, 05:26 AM
    Journal entry for loan received
    What will be the journal entry when received loan
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Aug 17, 2010, 03:05 PM

    I assume you mean when you took out a loan and received cash. Dr Cash and Cr like Notes Payable or some other appropriate payable name.
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