Sundry debtor/creditor
This query is : Resolved
Sumit Agarwal
(Querist)
09 September 2012
dear sir i want to know that i sub-contracted the work to another party to whom i paid hiring charges at 31 st of march there is debit balance of Rs. 7,33,251.00 (Excess payment to the creditor)
How can i show it in the balance sheet as Sundry Debtors or in advances (Dr.)
please suggest me
How can i show it in the balance sheet as Sundry Debtors or in advances (Dr.)
please suggest me
CA Ilayaraja
(Expert)
09 September 2012
show debit balance as ADVANCE PAID TO CREDITORS.
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