One of my Client File His Income Tax Return under 44 AD ( Construction Business) He can't Prepare Balalce Sheet at that time but after 2 years he is filing regular return. but my ponit is some Debtors amount are pending till today, so how can pass this entry ?
Example : Debtors A.y -2008-09 3150250/-
A.y 2010-11 2540178/- so how to pass this entry in this year ? this is to 1st yera he prepare his balance sheet.
CAclubindia
