BANKING COMPANIES

In the question interest and discounts acc has a credit balance but while making the ledger we've not carried down the balance of current year instead we transferred it to P&L .... Shdnt we carry it down to next year over here ???? Reference: Illustration 7, Page 8.82 of Module 3 of adv acs

Neha Baliga

CA Inter

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11-Aug-23 00:14

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