Journal Entry for receiving a loan from Venkat ₹30,000:

To record the receipt of a loan from Venkat amounting to ₹30,000, the following journal entry is made:

1. Date: The date on which the loan is received should be mentioned at the beginning of the journal entry.

2. Accounts Involved: The accounts involved in this transaction are:
- Cash/Bank Account: Represents the receipt of cash from Venkat.
- Loan Payable: Represents the liability to repay the loan.

3. Debit and Credit: The journal entry will consist of a debit and credit entry to the respective accounts. In this case, the cash/bank account will be debited, and the loan payable account will be credited.

4. Amount: The amount received as a loan, which is ₹30,000, should be mentioned in the journal entry.

5. Explanation: A brief explanation or narration should be provided to describe the nature of the transaction. In this case, it can be "Received a loan of ₹30,000 from Venkat."

Journal Entry:

Date | Particulars | Debit (₹) | Credit (₹)
-------- | ------------ | ------------ | -------------
[date] | Cash/Bank Account | 30,000 | -
[date] | Loan Payable | - | 30,000

Explanation:
- The cash/bank account is debited with ₹30,000, representing an increase in cash due to the loan received from Venkat.
- The loan payable account is credited with ₹30,000, indicating the increase in the liability to repay the loan.

Key Points:
- The journal entry for receiving a loan from Venkat involves debiting the cash/bank account and crediting the loan payable account.
- The cash/bank account is debited to show an increase in cash due to the loan received.
- The loan payable account is credited to represent the liability to repay the loan.
- The journal entry should include the date, accounts involved, debit and credit amounts, and a brief explanation of the transaction.
- Always maintain accurate records of loans received, as they need to be repaid in the future.