Balance sheet
This query is : Resolved
15 September 2011
Sir,
While preparing B/S for the year ended 31/3/11 debtor as following posstion
Debtor 200000
Less:- Advance from
Debtor 300000
--------
(-)100000
---------
sir please tell me how should i shown this the B/S
its urgent
While preparing B/S for the year ended 31/3/11 debtor as following posstion
Debtor 200000
Less:- Advance from
Debtor 300000
--------
(-)100000
---------
sir please tell me how should i shown this the B/S
its urgent
Manoj Gupta
(Expert)
15 September 2011
Hi,
This is Manoj Gupta www.camanojgupta.com
Debtors will be shown under Current Assets in Assets side
Advance from Debtors will be shown in Liabilities side Under Current Liabilities.
This is Manoj Gupta www.camanojgupta.com
Debtors will be shown under Current Assets in Assets side
Advance from Debtors will be shown in Liabilities side Under Current Liabilities.
Aditya Maheshwari
(Expert)
15 September 2011
Show advance from debtors in liabilities and debtors in assets.
CA Pushpendra Gaur
(Expert)
03 October 2011
Mr. MAnoj and aditya replies are correct
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