Income tax creditors regarding

in the fin year 20 21 my creditors (buyer) convert from creditors to debtors reason excess payment given from me which under head i will show this creditors
sundry creditors
sundry debtors
or loan and advance asssest
Replies (2)
Quick Summary
This discussion clarifies how to account for income tax creditors that convert to debtors due to an excess payment. It explores the correct classification under headings like sundry creditors, sundry debtors, or loan and advance assets, specifically within current assets as 'Advance to Suppliers'.

Current assets -- Advance to Suppliers
Current assets

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
23 July 2026
CA Inter

Vikram Jadhav and Company

Pune

CA Inter

View Details
Company
16 July 2026
Manager - Finance & Accounts

Aliens Group

Hyderabad

CA Final

View Details
Company
ARTICLESHIP 23 July 2026
Article

Gianender & Associates

New Delhi

CA Inter

View Details
Company
20 July 2026
Senior GST Executive

Chandak Agarwal & Co

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 15 July 2026
CA Articles

Kinjal H Shah & Co.

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details
Company
Featured 02 August 2026
Accounts Executive

Aashok F&C Advisory

Guwahati

CA

View Details
Company
29 July 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Follow