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This question belongs to Computer Fundamentals Tally
Tally
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Loans from individual comes under ________ group

Answer & Solution
Correct Answer: Option B
Loans from individual comes under Loans and advances group in Tally.
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Biswanath Parida
Biswanath Parida 3 years ago
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.