While Calculating IT Balance sheet for partnership suppose if the Sundry detors is about RS. 4218560/- and they done their company transection only with cheque and asset side is higher then how to increase liabilities side?
03 December 2013
if proper accounting is done definetely assets and liabilities will match . . however you increase some liability to match . . like advance from customers,unsecured loans
CAclubindia
