Dear Accounting Experts
I am working in a manufacturing company and a new entry to Accounts Department.
My doubt may be very Simple on this blog, Kindly answer my doubts for my better understanding.
Q) Purchase bill for a supplier has been closed in the year 2011-2012 in our tally through proper payment. But now in 2013-2014 the same supplier amount shows in Outstandings--> Bills payable page.
On Viewing the Individual Supplier ledger in 2011 - 2012, purchase and payment amount is tallied and balanced, but now on the Report of Bills Payable section this supplier show out.
Kindly list down the probable mistakes that could have happened.Provide solution for the same if there are any settings available.
Regards
Visalakshi.
CAclubindia
