Presentation of Debtors in the Balance Sheet


(Guest)

Hi,

Just wanted to know this

I am preparing a Balance Sheet. Under Debtors, there are 2 accounts created for a party

1. Showing advance recieved

2. Recievable from Debtors

My client argues that i keep both these accounts seperately. Is there anything that states it should be stated seperately or merged whatever.

 

Please respond