Banking
Retail Loan Disbursed to Customer
Disbursing a personal loan to a retail customer.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Retail Loans & Advances | Asset (+) | 10,000.00 | - |
| Customer Current Account / Cash | Liability/Asset (-) | - | 10,000.00 |
💡 Accountant's Note
A loan is an asset for the bank — it represents money owed to the bank. The disbursement reduces the bank's cash (or customer deposit balance) and creates a loan receivable.
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