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    Bommidalapr_12's Avatar
    Bommidalapr_12 Posts: 2, Reputation: 1
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    #1

    Mar 4, 2009, 08:26 AM
    Term loan Reimbursement
    I have availed term loan from my bank . Before the sanction of the loan ,I purchased the machinery with my money. Now the bank will reimburse me the money spent to purchase the machinery. What are the journal entries for the transaction?
    codyman144's Avatar
    codyman144 Posts: 544, Reputation: 31
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    #2

    Mar 4, 2009, 08:56 AM

    Is this a homework/test question because it is strangely similar to another question posted this morning.
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