Long term loans

marysheehan Posts: 1, Reputation: 1

New Member

Oct 3, 2007, 11:07 AM

Long term loans

What are the debit and credit accounts for a long term loan

CaptainForest Posts: 3,645, Reputation: 393

Ultra Member

Oct 3, 2007, 05:24 PM

When you get the loan…

Dr. Cash
Cr. Loan Payable

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