Dear Sir,
in financial Year 2012-2013, my firm is in loss , i do not want to file loss return , i have made expenses by mode of cheque , if i dont want to book expenses aginst payment made by cheque , if i dont book expenses party stands with debit balances , can i make entry as cash refunded from party to clear this debit balances. Please give your sugesstions.
CAclubindia
