Mukesh Kumar (Accounts Manager) 15 July 2015
WE ARE RUNNING TWO PROPRITERSHIP FIRM A AND B.
WE PURCHASE A TRUCK ON LOAN IN A FIRM ,
WE MAKE ENTRY IN FIXED ASSET OF TRUCK AND MADE LOAN PAYMENT ,
AFTER OVER LOAN (2YEAR), WE TRANSFER RC( OWNER NAME ) OF TRUCK TO NAMED FIRM B , TAKE LAON REFINANCE IN FIRM B . FILE ITR BOTH FIRM .
BUT UN FORTUNATTLY WE DO NOT ENTRY TRANSFER IN FIXES ASSET MEANS WE SHOW THE TRUCK IN FIRM A FIXES ASSET NOT IN FIRM B ,
AT PRESET OUR TRUCK SHOW IN FIXES ASSET IN FIRM A , BUT LOAN AND RC NAME ( OWER ) IN FIRM B . WE ALSO FILE LAST TWO ITR AS SAME ENTRY .
NOW PLZ TELL HOW ADJUST AND CORRECT OUR ACCOUNT BOOK
THANKS IN ADVANCE
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