- ve debit balance


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Querist : Anonymous

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Querist : Anonymous (Querist)
04 November 2014 I found a statement of final accounts where Advance shows -ve 5000 dr. what does it mean?
is it maintained according to accounting standard?

04 November 2014 it means you have received amounts in excess of the due amount....

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 November 2014 is it performed according to accounting rules?

05 November 2014 it is ok as such...but ideally it should have been transferred to the other side of the balancesheet as a positive amount.


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