Please go through this example and answer me for the following questions.
1. Which one is the correct book keeping entries?
2. If your clients maintain books using the second alternate method book keeping entries, will you allow them the accounts books remain as it is? or you will advise your cleint to re write the books?
3. Whether the second alternate method of writing books acceptable as per the GAPP and also as per our Authoriteis (Incometax, ICAI etc.,)
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