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    wati Posts: 1, Reputation: 1
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    #1

    Apr 22, 2012, 08:29 PM
    Selling lorry and settling outstanding loan
    Hi, Please help me to solve this prob

    Lorry Price RM93524
    Accum dep RM16483.92
    Sold at RM60000
    At the same time, we loan from the director to settle time we loan from Director to settle the outstanding loan in the bank of RM13531.41. Initial loan amount is RM 104960. Installment payment make RM15000. Rebate given due to early settlement is RM16452.59

    My answer for disposing the lorry
    Dr Accum Dep 16483.92
    Dr Cash 60000
    Dr Loss 17040.08
    Cr Lorry 93524

    My Answer in loan settlement-No Answer
    -Please help to provide your opinion.

    Thanks

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