A business person purchases of site value Rs:22 lacs. but cash balance available Rs:15 lacs in books as on purchases of site date.
A person difference amount Rs7 lacs adjustment cash balance increased options mentioned below.
1.cash sales increased
2.cash gifts from realities and family members.
3.cash loan received different persons. (20,000*35members)
Question:
A person above options cash increased correct allowed as per i.t.act.