Sir,
FY 2022-23 Sale was Rs. 64 Lacs and GP 11% and some interest income from Debtors & farmers Rs
1.24 Lacs NP Rs. 6 LACS. but FY 2023-24 Sale is Rs. 28 Lacs GP 11% and some interest from debtors & farmers Rs. 98 thousand NP 2 Lacs in books of accounts. Owner said it increase up to 5.40 Lacs so Can i adjust bank CC limit & term loan interest approxmatly Rs. 5 lacs with owner,s Capital account so We increase NP
its correct way please advise Sir,
CAclubindia
