Credit balance of debtors
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 May 2015
In Balance sheet, if some of Debtors have Credit balance instead of Debit balance, then where to show this Debtors?
On Assest side with (-) from other debtors OR On Libility side as Advance from customers?
On Assest side with (-) from other debtors OR On Libility side as Advance from customers?
27 May 2015
Both way is correct.
Chose as per your convenience.
Chose as per your convenience.
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