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Creditors (Dr)

This query is : Resolved 
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(Querist)
06 September 2009 Sir

By which name should Dr balance of creditors be shown in Balance sheet of a proprietor?

Thanks
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Jitender

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Jitender (Expert)
06 September 2009 Loans & Advances
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CA CHINTAN AJMERA

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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.
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CA Binal Shah

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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.
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seema chouhan

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seema chouhan (Expert)
07 September 2009 i totally agree wit chintan
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CMA Arif Farooqui

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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
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