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Assess maintained a retaile kirana stores.
Sales turnover finicial year 2018-2019 rs 30 lacs net profit rs.2,90,000/-
Sales turnover finicial year 2019-2020 rs.35 lacs net profit rs 3,40,000/-.
Assess two years I.t. returns filed.sales and purchases ledger maintained.
Question:
Assess how much amount cash and hand and capital (minimum and maximum) opening balance introduced as on 01-04-2018 shown in balance sheet in I.t. returns under I.t. act |
