Hello Friends
I want to know the accounting treatment of Service Tax Payable and Sunday Creditors debit balance
1. Service tax payable was stand in Liability side last year. Department has disallowed service tax amount and add back in Income. now what accounting treatment we can do in current F.Y
2. Sundry Creditors having debit balance in balance sheet last year and in current year also no purchase was made or even no purchase will be made in future years then what accounting treatment is possible for creditors debit balance.
Opinion please. It's urgent bcoz we are finalizing balance sheet of company
vinay why u have raised a liability in the books.
Was it matching with the returns.
CAclubindia
