18 June 2008 They do have physical existence...Debtor is someone who owes money to business & he has physical existence...same in the case of loan or Advance reciever...

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Sanjeev Kumar Manchanda

Dataram Madgaokar

SUBHASH SAHA

Ramesh J

vinay

Subscribe Now

Asset calcification

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Associate

Senior Chartered Accountant

CA ARTICLE

Audit Assistant / Article Trainee / Intern

Finance specialist

SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

CHARTERED ACCOUNTANT

Accountant