What is the journal entry of loan taken from Bank?
Journal Entry for Loan Taken From a Bank
|Bank Account||Debit||Debit the increase in asset|
|To Loan Account||Credit||Credit the increase in liability|
How can we create Ledger in passing entry in tally?
Creating Ledger in Tally. ERP 9
- One way is to create a Single Ledger.
- Another way is to create it with Multiple Ledgers.
- To create ledger from voucher screen by pressing ALT + C.