12 June 2014
How can be Bifurcation will made For more than six month and less than six month debtore???, if in B/s opening Balance will 10000 as on 01/03/2014 and payment received of Rs 4000 on 02/12/2013 and closing balance 6000,, then how it will be treated as more than 6 month or less than six month?
12 June 2014
Debtors ageing must be decided on the basis of billing date. in given example, ur opening balance is 10k (assuming it is 01/03/13 and not 01/03/14), and during the year no further billing done and payment of 4k received, it means it pertains to opening balance. since opening balance is as on 1/03/13, so on 31.03.2014 it is more than 1 year, hence it must be shown in more than 6 month.
CAclubindia
