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Excess fake cash adjustment in co. balancesheet

This query is : Resolved 
 


Querist : Anonymous (Querist) 07 June 2011

to show off better position a manu. co. has booked sales of labour charges and against that have shown fake entries in cashbook for cash receipt to the tune of Rs.1.5 crore.How to adjust the cash balance and maintain it upto Rs.8-10 lakhs


U S Sharma (Expert)
07 June 2011

if servicetax is paid on such labour charges then its established.

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