Answers!
Hi Eknath
Entry for Money Received from Friend A Rs 20000
Cash A/c Dr/Bank A/c Dr
To A Loan A/c
It is a Receipt Entry in Tally
Entry for Money paid to Friend B Rs 15000
B A/c (Under Loan and Advances Assets) 15000
To CASH/Bank 15000
B is under Under Loan and Advances Assets in Tally
It is a payment Entry in Tally
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Answer the question...
Hi Eknath
Entry for Money Received from Friend A Rs 20000
Cash A/c Dr/Bank A/c Dr
To A Loan A/c
It is a Receipt Entry in Tally
Entry for Money paid to Friend B Rs 15000
B A/c (Under Loan and Advances Assets) 15000
To CASH/Bank 15000
B is under Under Loan and Advances Assets in Tally
It is a payment Entry in Tally
Comment