My client has 4 current liability accounts (a, b, c, d, ) setup which another loaning bank (e) paid off.
They did not transfer funds to my client. I thought it best to create another current liability account for e, With no opening balance.
Then make payments to each of the 4 by the bank (e). In that manner, all 4 are paid and the bank absorbs all the loan debt. Any help is appreciated.
