a invest in mutual fund 25000/- for financial year 2008-09
and get full amount in financial year 2009-10 Rs 35000/-
question is a has not show the investment in the year 2008-09 in books
but show amount he gets in the financial year 2009-10
question is in this case hw to recoard the amount he gets in the financial year 2009-10
and book the profit since a did not show the investment in the books of accounts
hw to pass entry for this