Easy Office
LCI Learning

Creditors showing debit balance

This query is : Resolved 
Profile Image

Profile Image

(Querist)
26 October 2007 how it will be shown in financial statement ?
Profile Image

sannagovindappa.G

Profile Image

sannagovindappa.G (Expert)
26 October 2007 IT WILL TREAT AS ADVANCES GIVEN TO CRs IN FINAL A/C IT WILL TREAT ADVANCES(ASSETS)
Profile Image

CA. Dashrath Maheshwari

Profile Image

CA. Dashrath Maheshwari (Expert)
26 October 2007 Its advance against supply, or expenses, or any other. It should be shown as advances. but if a creditors is also your debtor, and both the account has net dr. balance then you should show this in debtors.



Profile Image

Jitender

Profile Image

Jitender (Expert)
03 November 2007 i agre with mr dashrath

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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links