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Easy Office

Journal entry

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(Querist)
09 December 2010 Sir,
Please tell if the amount received as a loan and is directly deposited in to company bank account what was the entry.

Thank
Gaurav Gupta
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
09 December 2010 If cash received then two entries, one for receipt and other for deposit.

If cheque received then only one entry for receipt of the same.

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