Answer Posted / ilangovan
As per Incometax rules we didn't make cash entry of
Rs.20000 and above. so that, the limit is Rs.20000/-
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Opening stock 17499565 purchses 89693855 expanditure 1735800 deprciation 223309 patner salary 300000 interst paod 937500 provisions 119265 sales 91600120.adjustment 1 gross profit is 6.72percentage on sales.2.net profit is 3.10 percent on sales
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