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Debtors

This query is : Resolved 
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(Querist)
14 July 2013 Dear Sir,
In one of the case, assessee opting section 44AD and total bills issued from bill book are RS 42 lacs however recipts in bank a/c are 35 lacs. Except bill book and bank statement assessee has no other account maintained. While filing itr4s Whether the 42-35= 7 lacs would be show as sundry debtors or not?
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Prashanth

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Prashanth (Expert)
14 July 2013 Hello,

Closing Debtors =Opening Debtors+Debtors during the year-Cash Received during the year.
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Vivek

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Vivek (Querist)
15 July 2013 opening debtors were nil then what would be closing balance?
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
18 April 2017 Very old query need to be closed now
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