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Balance sheet

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(Querist)
15 September 2011 Sir,
While preparing B/S for the year ended 31/3/11 debtor as following posstion

Debtor 200000
Less:- Advance from
Debtor 300000
--------
(-)100000
---------
sir please tell me how should i shown this the B/S

its urgent
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Manoj Gupta

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Manoj Gupta (Expert)
15 September 2011 Hi,

This is Manoj Gupta www.camanojgupta.com

Debtors will be shown under Current Assets in Assets side

Advance from Debtors will be shown in Liabilities side Under Current Liabilities.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
15 September 2011 Show advance from debtors in liabilities and debtors in assets.
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CA Pushpendra Gaur

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CA Pushpendra Gaur (Expert)
03 October 2011 Mr. MAnoj and aditya replies are correct

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