survey by Income tax department
This query is : Open
11 September 2016
if survey , income tax department found excessive stock of 1000k and cash of 120k . department issued demand order considereing it undisclosed income....what would be accounting treatment of stock nd cash .please tell me in detail
14 September 2016
increase stock and cash on one side and increase capital on other side
14 September 2016
pur A/c dr
cash A/c dr.
to Capital
14 September 2016
is it correct?
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