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Credit balance of debtors

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Querist : Anonymous

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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?
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CA Mehta Ankur N.

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CA Mehta Ankur N. (Expert)
27 May 2015 Both way is correct.

Chose as per your convenience.

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