Cash balance adjustment on in books


This query is : Resolved 

28 December 2020 A retail rice goods business i t assess purchases of site value rs:22 lacs.but cash balance in books available rs:15 lacs as on site purchases date.
Question:
Assess difference amount rs:7 lacs how to adjustment produce in books.
1.cash sales increase or
2.cash loan received from difference persons (19,000/- *30 members) or
3.cash gift received from realities.
Above three options correct methods cash adjustment safe and allowed in i.t.act.

04 January 2021 All three options can be availed as per limits prescribed under IT Act.


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