recognition

 both debiting party a/c and recivable will have same effect

dear balaji

you said that both debit to party or income receivable are same effect

then under which group we can create the party a/c either current assets, or sundry debtors

please tell me

 plz note that ur question has the ans in it 

dont forget that sundry debtors comes under current assets

if u creating the party a/c then show it under sundry debtors, which comes under current assets

balaji's ans is correct