Machinery loan

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Dear Sir,

i ll purchase one new machine,that machine cost is (ex:-500000),this machine purchase  through term loan,in my margin amont is 125000,machinery loan is 375000,in my loan account only,that margin amount was deducted in my cc account,how to pass the entry

 

Replies (1)

Machinery A/c Dr 500000

       To Term Loan 375000

        To CC A/c     125000


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