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Creditors showing debit balance

This query is : Resolved 

26 October 2007 how it will be shown in financial statement ?

26 October 2007 IT WILL TREAT AS ADVANCES GIVEN TO CRs IN FINAL A/C IT WILL TREAT ADVANCES(ASSETS)

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.




03 November 2007 i agre with mr dashrath



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