Question

can the entry for :received loan from anil and deposited the same into bank be :

Loan A/c........Dr

To Anil's A/c



Bank A/c .......Dr.

To Loan A/c

?

Answer 1

no bro.... cash a/c dr
to anil loan a/c
bank a/c dr
to cash a/c

Answer 2

Loan A/c Dr   
      To anil A/c 
(being loan received from anil )

Bank A/c Dr 
      To cash A/c 
(deposited in bank )