Un secured loans from different persons

kollipara sundaraiah (B.com) (1727 Points)

28 November 2021  
example a person cash loans from rs:19,000/- each one *20 different person's total rs:3,80,000/- received.if a person cash loans from different persons account create
cash loans from different persons rs:19,000/-
cash loans from different persons rs:19,000/-
cash loans from different persons rs:19,000/- reaming balance rs:19,000/-*17 different persons total rs:3,80,000/- accounting entry passed in books.
question:
a person above mentioned transaction accepted in books under it act.