sec 44ada it assessess cash loan from creditor rs:20 lacs ledger balance cash loan to debtor ledger balance rs:15 lacs as per account records dt:31-03-23.
question:
1.assessess creditor ledger balance amount transferred to debtor ledger balance account adjustment book entry passed allowed in it act.
2.sec 269st,sec269ss,sec 40 (a) provisions applicable
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