Advances Paid to Sundry Creditors

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Abhishek (Querist)
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21 October 2008 How shall we show the advances paid to sundry creditors, whether under sundry creditors or separately under loans and advances recoverable.

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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21 October 2008 Separately under loans advances, if the advance paid to him is more than the amount due to him.

vinod

vinod (Expert)
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21 October 2008 agreed with mr raghavan view always remeber advance received or given should be shown seperately it will be easy for you if you are asking money or giving money you will come to now against ehich bill the amount is due to pay or receive