treatment of negative bal in od a/c
This query is : Resolved
01 February 2011
i have negative balance of rs -143000 which side to be shown in balance sheet urgent
thanks in adv
thanks in adv
01 February 2011
If negative balance is due to overissue of cheques, it should be shown under the heead Current Liabilities.
If negative balance is due to overdraft facility taken from bank against some security, it should be shown under the head Secured Loan
If negative balance is due to overdraft facility taken from bank against some security, it should be shown under the head Secured Loan
01 February 2011
yes follow the treatment suggested by Mr sunil
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
