Take out a loan Retail Double entry bookkeeping with variable chart of accounts

Page: https://excel.hpage.com/bookkeeping.html Playlist: https://www.youtube.com/watch?v=JeP58mdijnU&list=PLKnGGx0Hz5xI The retailer receives a loan of 100,000 euros from a bank, which is transferred to their business account. Two accounts are involved: Credit and Bank. This transaction represents an increase in assets. An increase in assets occurs when the balances of two accounts rise and the accounts involved are either two balance sheet accounts or one balance sheet account and one revenue account. The total amount in the final balance sheet also increases.