S. Debtors showing Credit balance
This query is : Resolved
06 July 2010
What are the possibilities of S.Debtors showing credit balance?
Thank You
Regards
Devendra
Thank You
Regards
Devendra
Rahul Gupta
(Expert)
06 July 2010
Some of the possible reasons could be >
1. Debtors have paid excess payment.
2. Sales return by the customers but amount not yet settled or returned.
3. Sales wrongly entered in other party accounts while payment received is recorded correctly.
4. Volume Discount or other discount paid later after period although payments received in full.
1. Debtors have paid excess payment.
2. Sales return by the customers but amount not yet settled or returned.
3. Sales wrongly entered in other party accounts while payment received is recorded correctly.
4. Volume Discount or other discount paid later after period although payments received in full.
Message likes :
1 times
07 July 2010
AGREE WITH EXPERTS.
07 July 2010
AGREED WITH EXPERTS.
SECURITY DEPOSIT FROM CUSTOMERS
SECURITY DEPOSIT FROM CUSTOMERS
CMA Arif Farooqui
(Expert)
12 July 2010
AGREE WITH EXPERTS.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
