22 April 2024
Sir, Assessess cash loans different creditors each one rs:19,000/- * 5 different members total value rs:95,000/- cash loan to debtor rs:1 lacs show in ledger balance in books. Creditors 5 members total value rs:95,000/- tranfer to cash loan debtor account account entry passed in books. Question: Above mentioned cr vs Dr balance write off account entry transaction allowed in it act.
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