Present in Balance Sheet
This query is : Resolved
28 May 2008
During the year 2007-08, we received advance from our debtors. Now in the debtors ledger, there is a credit balance... which include some debtors (dr. Balance ) and some debtors (Cr. Balance)and net debtors is credit balance.
How this will be present in Balnce Sheet as per Shedule VI?
How this will be present in Balnce Sheet as per Shedule VI?
28 May 2008
The debtors having debit balance will be shown on the asset side under sundry debtors.
and, debtors having credit balance at the year end shall be included in the list of sundry creditors.
bt still u confirm it from sm senior person...
and, debtors having credit balance at the year end shall be included in the list of sundry creditors.
bt still u confirm it from sm senior person...
28 May 2008
no, not in the list of sundry creditors, the credit balance of debtors will be shown under "advance from customers" in current liablity
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- RCM INVOICING FROM NOV-2024
- Should I report my US salary for January, February, March in Schedule FA?
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
