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S. Debtors showing Credit balance

This query is : Resolved 
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(Querist)
06 July 2010 What are the possibilities of S.Debtors showing credit balance?


Thank You
Regards
Devendra
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Rahul Gupta

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Rahul Gupta (Expert)
06 July 2010 Some of the possible reasons could be >

1. Debtors have paid excess payment.
2. Sales return by the customers but amount not yet settled or returned.
3. Sales wrongly entered in other party accounts while payment received is recorded correctly.
4. Volume Discount or other discount paid later after period although payments received in full.
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Kariyappa

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Kariyappa (Expert)
07 July 2010 One More

1.Advance received from the Debtors.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
07 July 2010 AGREE WITH EXPERTS.
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
07 July 2010 AGREED WITH EXPERTS.
SECURITY DEPOSIT FROM CUSTOMERS
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CMA Arif Farooqui

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CMA Arif Farooqui (Expert)
12 July 2010 AGREE WITH EXPERTS.
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