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Unformatted text preview: depreciation of Trucks and equipment, like; Supplies expenses - DR Supplies Cr. Depreciation expense - DR Accumulated depreciation Cr. Other adjusting entries may be of prepaid expenses, if any or other expense payable may be passed but as the data is not given, therefore it may be assumed that all expenses have been recorded for the period. Considerations and information may be required before making decision on loan sanction like, The age of business, how old the business is running, Any loan already taken and what is the status of that loan, and how much is financed by equity so the loan to value ratio may be developed. She could repay security by way of mortgage or pledge. Reference; http://www.allbusiness.com/business-finance/business-loans-commercial-term/3543-1.html...
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This note was uploaded on 10/20/2011 for the course BUISNESS ab202 taught by Professor Millazzo during the Spring '11 term at Kaplan University.
- Spring '11