karan (nothing) 16 July 2019
I need urgent cash of Rs.100000 , so my father gives me Cash , then on same day I transfer Rs.100000 Online into his bank Account. I like to know how this things enter in my tally.
Please guide me step by step..
Thanks
Abdulla Bhanpurawala 16 July 2019
in cash we can give only 20000/- loan in a year and repayment by way of banking mode only. so you can't take 100000/- cash loan
Abdulla Bhanpurawala 17 July 2019
create ledger of your father in loans liability head.and when you receive payment credit the account
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