23AC related party transaction

Max Payne (employed) (2574 Points)

22 October 2010  

In Form 23AC and 23ACA, we have to provide the related party transactions gross value......

 

1. So do we have to add up the debits and credits of related parties or

2. Can we net off the related parties debits and credits of

3. Do we show only the total debit or total credit, depending on the nature of transactions?

 

Regards

g.k.