Entering advance entry in the books without paying them
Querist : Anonymous
Just had a query, a company is entering advances in the name of vendor without intention to pay them off, what that means. the entry they are passing in books
Advance - Dr
To, Creditors.
Is this something suspicious
Querist : Anonymous
This is a typical case of window dressing. If the intention is not to pay then the company is building its assets may be with the intention of getting bank finance or with the intention of luring some equity investor since the balance sheet looks strong with big assets figures.
Click here to login now
Similar Resolved Queries
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Minimum tax payable to file Updated return
- Tds on commission charges
- Applicability of GST on Salary Reimbursement Component
- Dep. as per companies act
- Salary from Qatar in Dollars in India
- New GST registration for new place of business.
- UDIN ISSUE
- FAST-DS Scheme - Foreign Assets
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Quick Links
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
SENIOR AUDITOR & ACCOUNTS MANAGER
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
CCI
Pro
CAclubindia
