Loan
Querist : Anonymous
I would like to know,
How do i treat, If company got loan from outside person.
How do i give entry for that loan?
and How do i give entry for interest on loan?
Plz give me suggestion with examples
i'm waiting for your valuable reply.
Thanks for advance
N.Pragatheeswaran
book:
Bank A/c Dr
To Loan A/c
Being loan received
for interest payment
Interest on Loan A/c
To Bank A/c
These are broader entries
Querist : Anonymous
Can i Give entry that Loan Recd person name Instead of (To Loan A/c)?
Querist : Anonymous
Can i mention entry that Loan Recd person name Instead of (To Loan A/c)?
For Example
Bank A/c Dr
To Mr.X Loan A/c
Because we've got loan more than 3 individual people.
So that i'm asking you.
Plz Reply
Querist : Anonymous
Querist : Anonymous
May I know?
Which software are you using for Accounting process?
Querist : Anonymous
1.I would like to know, "INTER- COMPANY TRANSACTION ENTRY".
For Example Company "A"
Company "B"
Company B don't have money for expenses made
So company B got cash from company A.
How will company A create entry in tally
Ledger Name : Company B
Under : ???? ( My Suggestion current Assets)
what will come under for company B
---------------------------------------------------------------------------
2. How will company B create entry in tally
Ledger Name : Company A
Under : ???? (My suggestion Current Liability)
what will come under for company A
--------------------------------------------------------------------------
Is that right?
Plz Reply anyone
Querist : Anonymous
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