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Book Adjustment

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 September 2010 If A company had taken loan (liability) from B company and given money as share application money to the same company(B) as Advance(Current Asset) can Company A adjust (Book Adjustment) the Share Aplication Money with the Loan.
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CA Ketan Jain

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CA Ketan Jain (Expert)
04 September 2010 No

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