Balance sheet in tally

This query is : Resolved

Debabrata Saha (Querist)
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10 March 2015 Some time cash in hand, sundry debtors shown into the liabilities side in balance sheet in the tally. Why?

CA Devanand Jethanandani

CA Devanand Jethanandani (Expert)
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11 March 2015 Assets have always debit balance and shown in assets side. But if it shown on liabilities side that means there is credit balance

Credit balance in sundry debtors happens only when there is excess amount received from them against bill amount or payment is received in advance.

However cash can never has credit balance, as one can not spend more than balance available with him.