Creditors (Dr)
This query is : Resolved
06 September 2009
Sir
By which name should Dr balance of creditors be shown in Balance sheet of a proprietor?
Thanks
By which name should Dr balance of creditors be shown in Balance sheet of a proprietor?
Thanks
CA CHINTAN AJMERA
(Expert)
06 September 2009
Two Thing is possible for Debit balance
1. Advances given to creditor.
2. Purchase Returm
show Debtor net or Advances in B/s.
and in I.T.R.4, showing Debtor net or Show in Advances receivable in cash or kind.
1. Advances given to creditor.
2. Purchase Returm
show Debtor net or Advances in B/s.
and in I.T.R.4, showing Debtor net or Show in Advances receivable in cash or kind.
CA Binal Shah
(Expert)
07 September 2009
hi,
Dr bal of creditors is shown under the head adv recd from creditors under Loans & advances at asset side in b/s.
Dr bal of creditors is shown under the head adv recd from creditors under Loans & advances at asset side in b/s.
seema chouhan
(Expert)
07 September 2009
i totally agree wit chintan
CMA Arif Farooqui
(Expert)
08 September 2009
agree , one more reason for dr balance would be........ payment made but no bill received.
its happened in real estate business
its happened in real estate business
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