Debtors account shows that debit as well as credit balance i
This query is : Resolved
20 May 2014
debtors account shows that debit as well as credit balance in trail balance.
what this mean, how can i record this into balance sheet
what this mean, how can i record this into balance sheet
20 May 2014
sometimes...a business deals with the same client on sales and purchase side. so wherever the credit balance is showing, transfer the same to creditors and wherever debit balance is showing, treat them as debtors.
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