what will be done if debtors show credit balance and creditors show debit balance while finalisation of balance sheet

anupsharma23's image
anupsharma23
May 25, 2017, 3:04 p.m.

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Maninder's image
Maninder
May 25, 2017, 4:40 p.m.

Learn here

It means 

Either Income not booked

or

It is Advance form Customer

or

It is a Sundry Creditor wrongly shown as Debtor

Learn more here

http://www.teachoo.com/5212/257/Ledger-Scrutiny-Checklist-for-Balance-Sheet-finalization/category/Things-To-Be-Checked/

Check Debtor Ledger Scrutiny

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