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Post Info TOPIC: Dealing of Staff loan


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Dealing of Staff loan
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Please can some one help me with the entries for staff Loan and it repayment. I was thinking of Debiting my Staff Loan control account in the Balance sheet and Credit the Staff Loan Expense account. Than on the repayment I'll just Debit the Expense account for Staff Loan and Credit the Staff Loan Control Account in the Balance Sheet. Is this correct?

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Shang
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