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TT18 Receive/TT22 Repay/TT23 Adjust for Long term Loan in Euro

Typical Transaction 18
Example: Receive Loan in Euro for 50,000 Pounds
Typical Transaction 18 (TT18) is associated to Typical Transaction 22 (TT22) and Typical Transaction 23 (TT23) Accounting procedure is as follows: > Enter new addition to Bank in field ‘’Loan Amount in GBP’’: 50,000 > Double entry: Debit entry Bank balance augments by 50,000 > Loan term Loan augments by 50,000
The entries for this transaction in the Accounting System can be seen here, 

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