sec 44ada it returns professional income person different cash loan debtor and creditor outstanding balance mentioned below
1.cash loan from creditor rs:1 lacs
2.cash loan to debtor rs:1 lacs balance
question:
assess cash loan from creditor rs:1 lacs amount transferred to cash loan to debtor account adjustment accounting entry passed in books allowed in it act.
What do you mean by cash loan debtor and cash loan creditor?
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