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father shop paytm sale credit in son saving account and son is also running other business so what is d tratment in son balance sheet
Replies (4)
Cash receipts to be recorded in books of father's shop.
Kuch samaj ni aaya father ki shop ki sale son k saving m aayi h sir
Don't record those receipts in son balance sheet. Remember every business has seperate entity.
Sale father ke account me likhne ka aur is son is amount ko father ke against due bata dega.
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