sec 44ada it assessess cash loan from creditor rs:20 lacs ledger balance cash loan to debtor ledger balance rs:15 lacs as per account records dt:31-03-23.
question:
1.assessess creditor ledger balance amount transferred to debtor ledger balance account adjustment book entry passed allowed in it act.
2.sec 269st,sec269ss,sec 40 (a) provisions applicable
Book adjustment entry passed allowed in it act
Kollipara Sundaraiah (B.com) (2983 Points)
10 November 2023
CAclubindia
