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by fupc
Sat Mar 15, 2008 3:50 pm
Forum: Accounting
Topic: Loan
Replies: 1
Views: 1381

Loan

I would suggest that you create an Accounts Receivable line item. The original amount of the loan should be credited to the bank account and debited to the AR account. As the loan is paid off, you debit the bank account and credit the AR. This will show all changes on your monthly reports and a comp...