Easy Office

Credtiors Balance,s Show in Dr. Side

This query is : Resolved 

03 October 2022 Dear Sir,

Few Sundry Creditors balances show in Dr. Side in books of accounts as on 31.03.2022 because we have paid advance for purchase of Goods. So needs to Pass the entry in books of accounts so Creditors balance not Show in Dr. Side

Entry in books of accounts as on 31.03.2022

for example advance to ABC Sons ( Balances as per books) Dr. Current assets
ABC Sons Cr.

Entry in 01.04.2022
ABC Sons Dr.
Advance to ABC sons Cr.

03 October 2022 Yes pass the above entries you are right.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link

Similar Resolved Queries


Unanswered Queries