Short Term Bank Loans

Account Information

Account Type	Statement of Financial Position
Normal Balance	Credit

Short-term bank loans due for repayment within one year

Receive short term bank loan

Dr. Bank Account
Cr. Short Term Bank Loans

Repay short term bank loan

Dr. Short Term Bank Loans
Cr. Bank Account

Renew short term loan

Dr. Short Term Loans (Old)
Cr. Short Term Loans (New)

Reclassify long term to short term

Dr. Long Term Bank Loans
Cr. Short Term Bank Loans