treatment of negative bal in od a/c
This query is : Resolved
01 February 2011
i have negative balance of rs -143000 which side to be shown in balance sheet urgent
thanks in adv
thanks in adv
Sunil Kr. Sanganeria
(Expert)
01 February 2011
If negative balance is due to overissue of cheques, it should be shown under the heead Current Liabilities.
If negative balance is due to overdraft facility taken from bank against some security, it should be shown under the head Secured Loan
If negative balance is due to overdraft facility taken from bank against some security, it should be shown under the head Secured Loan
Nirpendra Singh
(Expert)
01 February 2011
yes follow the treatment suggested by Mr sunil
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