Creditors showing debit balance
This query is : Resolved
sannagovindappa.G
(Expert)
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.
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