Debtors and creditors adjustment

Dharmendra Kumar (Sr Manager) (77 Points)

30 July 2014  

Can we adjust the payment against the same supplier and buyer?  I have debit balance of Rs.235000.00 and credit balance of Rs.200000.00 for the same party. Can I ask to the party for adjustment and make payment for Rs.35000.00 ? we are in Ad Advertisement company.