Debit balance in creditors account

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student
37 Points Posted on 18 July 2013

Dear sir/ Mam,

What are the impacts of giving huge advance to suppliers ( Debit bal in creditors account ) to the company.

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On 18 July 2013 at 11:55 Report
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Internal Auditor
909 Points Posted on 28 January 2014

Following are the impacts:

1. There will be short of working capital required.

2. Loss of revenue like interest.

 

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On 28 January 2014 at 14:51

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