Plant and Machinery (0020) shoing as negative liability


Out Plant and Machinery account which correctly has a debit balance, is incorrectly showing up in the Current Liabilities section of the Balance Sheet - with a debit balance - but in the wronf part of the statements.

Any ideas ?

It would appear you have a depreciation that exceeds the value of the asset. If you check code 0021 (this is the depreciation pair for Plant and Machinery) there’s a larger credit posted here.