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Treatment of trade payable

This query is : Resolved 

20 October 2014 1) If a creditor has credit balance as well as short term loans and advances are appearing in its name, can they be adjusted and a net position for the creditor be shown?

2) A debit balance for a creditor will be classified as short term loans and advances or other current liabilities?

Thankyou.

21 October 2014 if it can be segregate in both items with proper logic, you can show it in two items, else you can adjust.



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