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Accountıng Iı Deneme Sınavı Sorusu #1291531
Accountıng Iı Deneme Sınavı Sorusu #1291531
On Semtember 1, the owner of A Company, borrowed 500,000 TL from the bank with 12% interest rate and 8 months maturity. Both the interest and principal will be paid at the end of maturity.
Which of the following is true about the accounting record to be made according to this information?
|
Credit Bank Loan by 500.000 TL |
|
Credit Notes Payable by 500.000 TL |
|
Credit Cash by 500.000 TL |
|
Debit Account Receivable by 500.000 TL |
|
Debit Account Payable by 500.000 TL |
Yanıt Açıklaması:
The correct answer is A. In journal entry cash is debitted 500.000 TL , bank loans are credited as 500.000 TL.
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