27 July 2017
out of all debtors some have little amount as credit balance. My question is that when showing them in the balance sheet whether I should show adjusted amount as debtor or only debit balances as debtors and balance as advance received??
27 July 2017
Dear Sir.,
First you ask your client, the balances are correct are not. Then some small balances ll be write off. Client want balance in some Ledger, you can deal that as advances......
(Some dealer continued the balances are start from Rs 1....
CAclubindia
