13 October 2023
Sir, A Doctor Advance from patients rs:10 lacs show in accounting records and house construction interest prepaid rs:2 lacs showing f.y. 22-23. Doubt: 1.Advance from patients rs:10 lacs showing allowed and accounting treated in balance sheet correct procedure. 2.Prepaid house loan interest rs:2 lacs show debited to capital account or balance sheet correct procedure.
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