Loans from individual comes under ________ group
A. Fixed liabilities
B. Loans and advances
C. Current liabilities
D. Capital
Answer: Option B
Solution(By Examveda Team)
Loans from individual comes under Loans and advances group in Tally.This Question Belongs to Computer Fundamentals >> Tally
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Loans from individual is under loans liability,
Loans to Individual is under loans assets and advance,
Loans from with any security is under secured loan , Loans from without security is under unsecured loan,
Loans from any bank as overdraft is under Bank OD a/c and loans from bank as OPEN CASH is under OCC Bank a/c.