Grouping
This query is : Open
21 January 2010
Sir
Our Firm Has Received advances against Job work from Debtors ac.The advances are from 20 to 30 parties.The Received entry:
Advance from Debtors Cr
Bank ac Dr
Please say can i make all this advances under i group.Please give group head for Advances the advances are not yet settel upto march 10.
Our Firm Has Received advances against Job work from Debtors ac.The advances are from 20 to 30 parties.The Received entry:
Advance from Debtors Cr
Bank ac Dr
Please say can i make all this advances under i group.Please give group head for Advances the advances are not yet settel upto march 10.
CA Vijay Kumar Gupta
(Expert)
21 January 2010
It may be grouped as "Advance from customers" under current liablities.
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