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Advances from customers

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(Querist)
06 May 2015 Hello. I have a question that we in our business receive advance from customers, and as such, please let me know under which head it is to be categorised. Sundry creditors with sub group advance from suppliers or sundry debtors.
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
06 May 2015 u can mention it as sundry debtors or u can open a new group of advance from customers under sundry debtor...

if a debtor gives advance, that doesnt mean that he wil b converted to creditor dear

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