Doubt

It must be shown as debtors under current assets

agree with mukesh rawal

first check why it is shown debit balance

whether it is an advance or any chance of misplacing the invoices r etc.

if it is advance then show it as advances from creditors under current assets

(do not add to debtors)

 it shall be shown  as advnace to supllier under (Loans & Advances Assets)

Should not be added to debtors, it should be shown unders loans and advances to suppliers/vendors

it should be shown under loans and advances to suppliers/vendors

u shouldnt add to debtors.......... correct practice is to suppliers.........

thanks a lot to all

agreed with Manikanta Raju

-ve bal.of creditors is shown as -ve bal. in current liab and it can also be shown as advance to supplier as current assets but it can not be shown as sundry debtors

Correct way to shown it is Advance to Supplier under sub group Loan & Advances under Group Current Asset & Loan & Advances.

dear govind show it under loans&advances

hello govind,,,,dr bal in creditor account will be shown as advance in current assets.....when dr bal appear in our book that mean we have given advance against purchse...or suuply...so it be showb as advance against purchase in current assets