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Bank account

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(Querist)
24 February 2015 how to pass entry in tally if one company fund transfer from hdfc to another company bank axis bank. should i create another ledger of hdfc bank in second company for entry i.e. entry In second company will be axis bank a/c ( dr) hdfc bank a/c (cr) is this correct entry in second company?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 February 2015 if 1 co is paying to another then its a loan payment
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Rupesh Jain

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Rupesh Jain (Expert)
24 February 2015 you have to payment entry and debit to party account.
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