Dear Sir,
A person engaged in business of selling of agricultural product ( Wheet, paddy, Cotton) on commission basis ( arthia), i.e., purchase agricultural produce from farmers and sale it to market via KRISHI MANDI. sometimes he give
advance to farmers for their house hold activities. Now question suppose Mr. a is farmer in books of account under sundry debtor Dr.balance as on 31.03.20 is Rs.230000/- earlier last year 2019-20 We used manual books But in 2020-21 we used tally package so as on 31.03.21 Mr. a has Cr. balance is Rs. 119320/-so can I change group Debtor to creditors
Agriculture product dr 349320
to mr.a Cr 349320
CAclubindia
