Banking
Corporate Term Loan Disbursed
Funding a JOD 2 million corporate term loan to a manufacturing company.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Corporate Loans & Advances | Asset (+) | 2,000,000.00 | - |
| Customer Current Account | Liability (-) | - | 2,000,000.00 |
💡 Accountant's Note
Corporate loans are the largest asset class for commercial banks. The disbursement is credited to the corporate customer's operating account, from which they draw for business purposes.
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