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Opening balance for capital and cash on hand


Assess small businesses person.
Sales turnover year 2018-2019:rs.69 lacs
Sales turnover year 201)-2020: rs.80 lacs.
Assess I.t. return filed two years.accounting books not maintained.
Question:
Assess How much amount( minimum and maximum) capital and cash on hand and closing stock opening balance as on 01.04.2018 shown in balance sheet I.t. returns under I.t. act.

By: KOLLIPARA SUNDARAIAH



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