reasons

Tally 9836 views 10 replies

what is the reasons when assets side of the balance sheet shows the current liabilities in tally?

Replies (10)

when you will make a ledger f e sundry creditors A/C if there is balance from creditors it is shown in asset side of the balance sheet  syndry creditors a/c same current liabilities a/c

 Generally when Accounts Payable have Dr Balance, Current liabilities appear on Assets Side of Balance Sheet.

If ur account books show that some of ur current liabilities or sundry creditors after certain transactions have Debit balances instead of the usual Credit one .

Originally posted by :guest
" what is the reasons when assets side of the balance sheet shows the current liabilities in tally? "


 

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.

You may check the same in a new demo company.

Ya its correct..........

Correct!!!

Account books show that some of ur current liabilitie or sundry creditors after certain transactions have Debit balances instead of the usual Credit one .

Is this an online game link? But it's also quite interesting I tried it.

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That some of  https://banksnear-me.com/pnc-bank-near-me/ current liabilities or sundry creditors after certain transactions have Debit balances instead of the usual Credit one .
 

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