16 June 2016
There is a negative balance(cr balance) as per books of accounts but a (dr balance) positive balance as per bank book. What should be the treatment as per Revised Schedule VI?
16 June 2016
you can show under current liability that amount due to this is not a credit facility with the bank. you issue the cheque to the vendor, cheque not present in the bank for realization. if you issue cheque to reduce your creditor then pls cancel all the cheque .
CAclubindia
