Balance of farmers
This query is : Resolved
31 July 2019
Sir,
In a commission agent who sold the crops to purchaser on the behalf of farmers. Many times commission agent paid advance to farmers for their home need.
In a balance sheet Some farmers,s value show in credit and some farmers , value shows debit
For example Sohan Singh Dr. Rs. 50000
Mohan Singh Dr. Rs. 50000
In which group I have to show in both values Please advise
In a commission agent who sold the crops to purchaser on the behalf of farmers. Many times commission agent paid advance to farmers for their home need.
In a balance sheet Some farmers,s value show in credit and some farmers , value shows debit
For example Sohan Singh Dr. Rs. 50000
Mohan Singh Dr. Rs. 50000
In which group I have to show in both values Please advise
01 August 2019
Show them as creditors and debtors as the case may be.
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