Sundry Credito negative balance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 July 2011
Dear Sir,
I am always making advance payment to some parties providing me some services for my business. So they always have debit balance.
Now my question is, while filing return of income, (I am filing ROI u/s. 44AD) should I net them off with other sundry creditors or to show them in Sundry Debtors.
I am always making advance payment to some parties providing me some services for my business. So they always have debit balance.
Now my question is, while filing return of income, (I am filing ROI u/s. 44AD) should I net them off with other sundry creditors or to show them in Sundry Debtors.
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