Which account is debited on purchase of land from the proceeds of a bank loan?
Cash account
Bank account
Loan account
Land account
Land account is debited on purchase of land from the proceeds of a bank loan.
Which account is credited on purchase of land from the proceeds of a bank loan?
Which of the following accounts are debited while repayment of a bank loan ?
To decrease the balance in the Land account, would you debit the account or would you credit the account?
When debtors deposit amount directly to our bank account, which account shall be debited?