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(Querist)
23 September 2013 what will be the effect if debtors balance and creditors balance not to be taken in balance sheet. ....PCC NOV 2001
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Ganeshbabu K

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Ganeshbabu K (Expert)
23 September 2013 It will be possible only when there is no credit sales or credit purchases,,,or total outstanding balances were paid off
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VAMSI ASSOCIATES/S.PHANI RAJ

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VAMSI ASSOCIATES/S.PHANI RAJ (Expert)
24 September 2013 the cash balance is may be negative if creditors are paid and may be high if debtors are nil with receipts

and another one option if u r file the return then go for revised
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