I am a fruit dealer, I received all my sale receipt through cheque. what i does , i withdraw all my sale receipt through bank through a bearer cheque in the name of my brother and pay the cash to agriculturist.
whether i have to show any amount remaining in the name of my brother in my balance sheet.
21 August 2018
sir i used the amount for my business purpose but i withdraw money through bearer cheque in the name of my brother can i show money withdrawn in my name i.e my brother gave me money cash for business purpose