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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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LoginLoans 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.