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Iou

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 November 2013 What will be the entry for IOU in tally
Under which group?
please suggest
Thanks.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
02 November 2013 It is noting but advance. you can group under loans & advances (Asset)
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Querist : Anonymous

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Querist : Anonymous (Querist)
02 November 2013 Thank You Sir
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