06 February 2021
sir, i.t. assess un secured loan and sundry debtor(cash Loan) outstanding balance in books show as on 31-03-20. un secured loan amount Rs:4 lacs sundry debtor(cash loan) amount Rs:5 lacs
1.assess sundry debtor balance amount Rs:5 lacs transferred to un secured loan account adjustment accounting entries(contra) passed. 2.Differance amount Rs:1 lacs amount cash receipts from debtor entries passed in books in f.y.20-21. question: Assess adjustment entries in books allowed in i.t.act
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