debtors account shows a debit as well as credit balance in trail balance.
what this mean, how can i record this into balance sheet

debtors account shows that debit as well as credit balance in trail balance.
what this mean, how can i record this into balance sheet

Hi,
I am a student from Maths background.
Should I go for CPT study material or should I first study 11th/12th accounting books?
And how much does the CPT material cost in regional offices?
Thank You

I have got an opportunity to undergo industrial training in the last year of my articles in a well reputed public sector company. Is it a better option to chose industrial training?
I also have plans to go to employment after becoming a CA and have no ideas to practice.

Hi,
Can anyone please help me understand who are the latest top CA firms in India and how are they ranked?

Are they ranked on the basis of revenue, no. of clients??

one salaried individual person purchase of shares with his salary.With that shares he was doing share trading. In that trading he got loss. How can Adjust his loos? Weather in income from salary or other income(loss)?

Hi everyone,

Can we get the deduction under section 80C if I have taken loan against the LIC premium paid by me.

Sir please provide me,ca ipcc IT NEW syllabus notes in easy language for nov.2014

Can any one please provide me the PAN for H.P. CM relief fund

Attention friends...... Can anybody provide me solution to end the problem that i actually came across.............. There is a individual who invested all his assets in a Rice Mill of worth Rs.8 crores (approx.) in the year 2011.Then the business continued for 1.5 years continuously. Suddenly the business lacks working capital due to abscondance of cash by the person involved in construction, who was the friend of the individual in the 2013. There is no specific evidence to prove the fraud. Thus, the business discontinued. On the other hand, as there is no profits, the bank debts (neither the principle sum nor interest) of Rs.4 crores(approx.)could not cleared as there is no cash availability. As the business organisation is not paying any sum to bank. The bank considered the debt as NPA and is going to conduct auction on or before 06.06.2014.All the assets were struck in the bank as securities for the loan whereas the individual has Rs.4 crores of bank loan and Rs.2 crores of unsecured loan. Banker valued the mill value for Rs.1.63 crores and other securities for Rs.60 lakhs only whereas the valuation report by the Approved valuer valued the mill for Rs.5.35 crores (approx.). There is a heavy pressure from the creditors as the auction amount does not cover their debts. Please provide a probable and suitable solution for the above query.................