banner_ad

Urgent query related to party transaction

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
13 July 2016 Dear All one of our creditor balance was 49780/- as on 31/3/2015 but due to mistake the creditor balance 34780/- is being reflect in books as on 31/3/2015, however return for AY 205-16 has already been filed. pls let me know how to correct the creditor balance now, Regard Manish
Profile Image

Kaushik Joshi

Profile Image

Kaushik Joshi (Expert)
13 July 2016 Dear Manish, Kindly provide the details as to whether it is a proprietor business, p.firm, company?
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
13 July 2016 sir it is partnership firm
Profile Image

Kaushik Joshi

Profile Image

Kaushik Joshi (Expert)
13 July 2016 pass a rectification entry in current year on the first date and transfer difference rs15000 to capital account.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
13 July 2016 sir, can i pass suspense A/c DR.... To creditor A/c....... Capital A/c DR..... To suspense A/C.... pls tell me is it correct
Profile Image

Kaushik Joshi

Profile Image

Kaushik Joshi (Expert)
14 July 2016 Dear Anonymous, Why not Capital A/c Dr To Creditor A/c Why the need for suspense account?!
Profile Image

Aashok Kumar Sharma online

Profile Image

Aashok Kumar Sharma online (Expert)
02 August 2025 https://docs.google.com/document/d/1_NGzelFKpf0j4rTV9_97TwVI54rOe-TBgu13-1cXHP8/edit?usp=sharing
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details