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accounting & income tax purpose

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10 September 2008 if creditors ask me balance bill due cash deposit my C.B.S A/C.Supose that bill due amount 150000/- & I deposit 120000/- deposit his C.B.S.A/C
1- Accounting entry in the book of purchaser

2- effect in income tax
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Jitender

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Jitender (Expert)
10 September 2008 already answered.

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