Accounting entries allowed in it act
This query is : Resolved
10 March 2021
It Assess unsecured loan and cash loan to debtor outstanding balance as on 31-03-20 show in books
Unsecured loan balance Rs:4 lacs
Cash loan to debtor Rs:5 lacs.
Assess unsecured loan Rs: 4 lacs balance transfer to cash loan to debtor account adjustment Contra accounting entries passed in f.y.20-21.
2.difference amount Rs:1 lacs cash receipts from cash loan to debtor
Question:
Assess above adjustment entries passed allowed in it act.
Unsecured loan balance Rs:4 lacs
Cash loan to debtor Rs:5 lacs.
Assess unsecured loan Rs: 4 lacs balance transfer to cash loan to debtor account adjustment Contra accounting entries passed in f.y.20-21.
2.difference amount Rs:1 lacs cash receipts from cash loan to debtor
Question:
Assess above adjustment entries passed allowed in it act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
