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Secured, Unsecured Loans and Advances

Hi

How is Secured and Unsecured Loans handled? Do I make one secured loan account or should i make secured loan to x account, sec loan to y account, etc.

Same with unsecured loans.

Also, in case of advances to vendors and advances from customers, can I handle it without using Special G.L Downpayment? How?

Thanks

Former Member
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