Dear Friends
Suresh takes a loan of Rs. 50,000 from Mahesh. However, Mahesh pays him the amount after deducting the interest in advance for 1 year @ 10% p.a.
what will be the entries in books of Suresh and Mahesh.
Regards
Shivani
Shivani (Learner) (1881 Points)
19 April 2016Dear Friends
Suresh takes a loan of Rs. 50,000 from Mahesh. However, Mahesh pays him the amount after deducting the interest in advance for 1 year @ 10% p.a.
what will be the entries in books of Suresh and Mahesh.
Regards
Shivani
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 19 April 2016
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