S.Debtors

This query is : Resolved 

07 July 2010 What can be the reasons for s.debtors showing a credit balance?

07 July 2010 1.Advance recd credited to DRS a/c
2. Excess payment receiived
3.Credit note passed after recd the payment
4.Bills not acccounted which against payment received
3. Some time wrong credit

07 July 2010
Agreed.
Security recd form customers.
Sales return after setoff account.

08 July 2010 This query provides you some more reasons.......
https://www.caclubindia.com/experts/s-debtors-showing-credit-balance-426380.asp


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