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what will be journal entry if bussiness is started from loan.
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Answer Posted / jagan
loan from bank a/c dr
to capital
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example wrongly financial statments showing vat refund (under Advances) for the finanical year 08-09 , but present assement year after assement by cto given vat refund more than ledger showing balance then decided to every month set off vat payable to vat refund(advance) but more than recoverd compare with company and cto then what is the entry to be take.
dear i want basic a\C's oriented question. these are asking in mostly all mnc companies
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