it assess outstanding ledger balance amount show in books in f.y.20-21 one debtor and one creditor .
1.cash loan from creditor rs:1 lacs
2.cash loan to debtor rs:1 lacs
question:
assess cash loan from creditor rs: 1 lacs ledger balance amount transferred to cash loan to debtor account adjustment entry passed in books allowed in it act.
Menu
Cash loans adjustment debtor and creditor balance
Replies (1)
It is not allowed in IT ACT
Recent Topics :
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
Related Topics :
CAclubindia
