Professional
907 Points
Joined March 2008
Originally posted by :guest |
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what is the reasons when assets side of the balance sheet shows the current liabilities in tally? |
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Assume if you have paid any advances to your creditors, you will
Dr Creditor A/c
Cr Cash/Bank A/c
here, your creditor ledger balance will be debit amount. hence, Tally shows Current liabilities under Asset.
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