C’s Capital Account has a credit balance of Rs. 2,00,000; Cs Loan Account is showing a debit balance of Rs. 40,000. Bank Balance is Rs. 3,00,000. Show the treatment of C’s Loan A/c.

C’s Capital Account has a credit balance of Rs. 2,00,000; Cs Loan Account is showing a debit balance of Rs. 40,000. Bank Balance is Rs. 3,00,000. Show the treatment of C’s Loan A/c.

Post category:Accountancy
Reading time:1 mins read

SOLUTION

Bank A/c Dr. 40,000
To C’s Loan A/c 40,000
(Loan recovered from C)

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