Sundry creditors debit & credit balance

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 August 2018 if have some old creditors showing debit balance & some creditors not in existince showing credit balance how can i adjust these balances?? i wanted to clear them off from my balance sheet
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
09 August 2018 Write off the debit balance and take it to other income credit balance.
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Querist : Anonymous

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Querist : Anonymous (Querist)
09 August 2018 sir it is showing debit balance so how to transfer it to income??
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
09 August 2018 Debit balance change off' as unrecoverable debit balance.
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Querist : Anonymous

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Querist : Anonymous (Querist)
09 August 2018 under what group sir??
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
09 August 2018 Other expenses group.
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