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(Querist)
12 January 2009 a person is partner & propriter of a firm and uses funds ofr the both from both bank ac how should it be accouted in
1)partnership
eg.cash recd from propriter
2)propritor
eg. cash drawn for partnership firm
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CA Nallathambi Srinivasan

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CA Nallathambi Srinivasan (Expert)
12 January 2009 If you are maintaining two separate company in Tally (Like for Prop. - X, for Partner ship - Y Firm).

Then you can create the following Account in Partenership firm - Loan Received from X (it comes under Liability - Loans). And in Prop. Loan Given to Y Firm (it comes under Asset - Loans and Advances)
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