one of a gst register dealer sales and purchases transaction upto date.dealer purchases of site value rs.16 lacs as on date .20-12-2020.but dealer cash balance rs.9 lacs as on date.20-12-2020 in books.
question:
dealer cash balance different amount rs:7 lacs adjusted two options below.
1.cash loan different members received from in secured loan(20,000×35 members)
2.dealer credit sales in creased rs:1lacs*7 members cash received methods correct.
CAclubindia
