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(Querist)
06 August 2014 if excess payment is made to creditors then wt will be the treatment in balance sheet whether it will be shown as debtors or under loan & advances head ...
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CA Devanand Jethanandani

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CA Devanand Jethanandani (Expert)
07 August 2014 Hi Jiya,

It will come under sub head 'advance against goods purchase' under the head of 'short term loans and advances'


Thanks,
Devanadn

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