I would like to get the accounting impacts for the following :
1. Ledger balance of supplier gets tallied (ledger consists of sales entry & credit/debit notes), but both sales & credit notes are displaying as outstandings in the books despite zero ledger balance. Would like to know will this have any impact
Impact for :
2. Old year credit notes still shown as outstandings
3. Advances under outstandings
Kindly revert