Dr balance of creditors

In Head of "AMOUNT RECOVERABLE IN CASH OR KIND"  in Assets

Agree ,  Loan & Advances

Simply show them as debtors........

Definition of Debtor and creditor says, that if the entity owns the money to a third party, same to be treated as creditor.  In my opinion, Driving factor to include in the balance sheet should be based on this. 

Advance from Suppliers/parties

Advances given

They will be recorded as Advance to Suppliers

comes under the head "Advance to suppliers" under "current assets."

regards,

ratan

dr bal of creditor can only be on a/c of advances given to them,debit note issued to them for any  reason(rate difference,purchase return) accordingly it is to be shown as advances in current assets loan and advances group

advance to suppliers under current assets

Ratan Deep is Correct

It should be Advances to Suppliers.

Advance to Creditors

under loans and advances

 advance to creditors

Show it as Advance for Goods

(or)

Amount Recoverable from Dealers

as per the nature