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If there is a balance from rounding off or writing off during the finalization of accounts, which ac

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(Querist)
30 April 2024 If we encounter a balance during finalization resulting from rounding off or writing off, to which account should it be transferred?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
01 May 2024 Transfer it to profit and loss account.

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