Current account
This query is : Resolved
M.AMIRTHAM
(Querist)
27 September 2011
In balance sheet why current account should treated as liability?
CA Pushpendra Gaur
(Expert)
28 September 2011
Well the negative balance of current account should be shown under Current Assets under Bank Account not on liabiklty side at all
CA Amit Joshi
(Expert)
28 September 2011
Dear Amirtham your quary is not cleare. If there is OD on current account than it is shown in liability side, but if it has positive balance than it will be shown as current assest.
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