Loan

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LAXMI (Querist)
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19 October 2013 Hi Experts,
Recd loan cheque amt of Rs.11,27,646/- . the actual loan amt is Rs.11,50,000 out of this deducted Rs.22,354/- for life insurance.
My question is how to enter this in tally the whole total amt or the actual receipt amt and also want to know what is deduction for ?

the same amt of Rs.11,27,646/- is given to some on else from my end, so kindly help me in entering this

@VaibhavJ

@VaibhavJ (Expert)
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19 October 2013 Hi

Entry is:

Loan from X .. Rs. 11,50,000
..To Insurance Rs. 22,354
..To Bank A/c Rs. 11,27,646

Do write back if you have query.

Thanks//VaibahvJ