Sir/Madam
I am the propiertor of my firm. My current account is in SBI and my personal account is in HDFC. What will the entry in tally if I transfer money from HDFC to SBI (as loan) and the entry from SBI to HDFC (as loan repayment) within that financial year.
are you showing both the bank account in your balance sheet.if yes then post a contra entry
it not then route it through capital account
CAclubindia
