A business person purchases of site value Rs:22 lacs.but cash balance Rs:15 lacs available in books as on purchases of site date.a person below mentioned options is correct methods cash balance Rs:7lacs adjustment allowed in i.t.act.
1.cash loan received from difference assess (personsRs:20,000*35members)
2.cash sales increase as on site purchases date.
3.cash gifts received from realities.
question:
a person above mentioned correct options cash balance increasei n allowed in i.t.act
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Accounting question
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Quick Summary
Cash sales
1st method
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