Classification of debtors

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self
35 Points Posted on 20 October 2016
Some of my buyer deposit money in bank or cash as advance and pay the full amount at the time of delivery. In which group shall this Ledger be kept?
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On 20 October 2016 at 19:35 Report
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Sr. Accounts & Finance Executive
163 Points Posted on 20 October 2016

treat amount an advance received from Custmer/Vendor

 

Bank Account

TO ABC Ltd (Under Sundry Creditor )

( Being amount received in advance from ABC Ltd)

 

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On 20 October 2016 at 21:08

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