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Some amount taken from proprietor

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(Querist)
13 October 2017 Hi,

we have taken some amount from proprietor , what will entry be in tally, please let me know with under group. we have got a entry unsecured loan in balance sheet ,
for example : raheem is proprietor in a firm and we taken from him 200000.00 rupees, please support me in entry in tally

awaiting for reply

Mohd nasruddin
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
13 October 2017 Amount withdrawn by proprietor, it will be adjusted through capital account
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Mohd Nasruddin

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Mohd Nasruddin (Querist)
13 October 2017 thank for follow up me , let me know, do i show to proprietor's unsecure loan in the balance sheet
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
13 October 2017 No not required because it will be adjusted with capital account
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
13 October 2017 And how can a person can give loan to himself because proprietorship & individual is treated as same
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Mohd Nasruddin

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Mohd Nasruddin (Querist)
17 October 2017 OKEY, THAT IS CONFIRM
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
17 October 2017 Yes, it is confirm. Show only one ledger

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