what is the reasons when assets side of the balance sheet shows the current liabilities in tally?
10 Replies
CA Hemant T Dewani
(Chartered Accountant)
(3356 Points)
Replied 07 May 2008
when you will make a ledger f e sundry creditors A/C if there is balance from creditors it is shown in asset side of the balance sheet syndry creditors a/c same current liabilities a/c
Darshu
(CA)
(1580 Points)
Replied 09 May 2008
Generally when Accounts Payable have Dr Balance, Current liabilities appear on Assets Side of Balance Sheet.
PRANAV MISHRA
(CA Final student)
(573 Points)
Replied 09 May 2008
If ur account books show that some of ur current liabilities or sundry creditors after certain transactions have Debit balances instead of the usual Credit one .
subramanya
(Professional)
(907 Points)
Replied 14 July 2008
| Originally posted by :guest | ||
| " | what is the reasons when assets side of the balance sheet shows the current liabilities in tally? | " |
Assume if you have paid any advances to your creditors, you will
Dr Creditor A/c
Cr Cash/Bank A/c
here, your creditor ledger balance will be debit amount. hence, Tally shows Current liabilities under Asset.
You may check the same in a new demo company.
Ahmed Malik
(55 Points)
Replied 25 June 2022
Account books show that some of ur current liabilitie or sundry creditors after certain transactions have Debit balances instead of the usual Credit one .
charlestrevino
(IT)
(22 Points)
Replied 27 June 2022
Is this an online game link? But it's also quite interesting I tried it.
Ahmed Malik
(55 Points)
Replied 04 November 2022
That some of
https://banksnear-me.com/pnc-bank-near-me/ current liabilities or sundry creditors after certain transactions have Debit balances instead of the usual Credit one .
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