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Treatment in both the books of accounts

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 July 2013 Sir one of my client has purchased land in the name of his father and payment is made in cash (Rs.400000/-)
how to show entries in the books
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
18 July 2013 it can be treated as loan given and loan received

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