Where do you show in the financial statements if you have creditors with debit balances.? Thank you in advance.
Creditors with debit balances in financial statements
MASHUMI (FINANCE MANAGER) (49 Points)
16 July 2012
Devendra
(Chartered Accountant)
(4775 Points)
Replied 16 July 2012
You will have to show it as Advance to suppliers as you don't have the purchase bill with you.