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-   -   Company loan reduction (https://www.askmehelpdesk.com/showthread.php?t=600089)

  • Oct 1, 2011, 06:51 AM
    toktokkie
    Company loan reduction
    MY company has negotiated a reduction in our bank debt -the bank has agreed to write off a substantial portion of the loan owing to them. How do I record this in my accounting records?

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