dear all mem.
as per our company as on 31 march some bebtors bal is show in credit side
and some creditore bal is show debtors side
kindly suggest me where we should adjust there bal. as on 31 march
should we addjuse as bill receivable or bills payble
2 Replies
konark patel
(16 Points)
Replied 29 April 2019
yes,you can adjust those balance which have diiferent side but on or after 31 march.
Kumar Sushank
(General Manager - Finance)
(1040 Points)
Replied 13 March 2020
This is not mandatory to adjust, You can enter these data in Balance Sheet as below.
Debtors Credit Balance : Advance Received
Creditors Debit Balance : Advance Paid
However, If these balances are stuck then you can adjust.
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