when the creditors shows debit balance
Answers were Sorted based on User's Feedback
Answer / mudunoori
In case we pay advances in anticipation of future supplies
the creditors account will show debit balnce or in case any
excess payment made to supplier due to mistake in taking
the earlier payment into consideration,creditors account
will show debit balance
| Is This Answer Correct ? | 53 Yes | 3 No |
Answer / raghvendra mishra
In case any third party give services to the company, and
taka advance or acees amount than his bill, this is main
cause to show the debit balance in creditors accounts
| Is This Answer Correct ? | 17 Yes | 4 No |
Answer / sandeep
When the payment is received more than due amount
| Is This Answer Correct ? | 16 Yes | 4 No |
Answer / rajeshgupta
IN CASE THE COMPANY PAID BILL AMOUNT IN ADVANCE BUT NOT
ADJUST WITH THE INVOICE OR NOT ENTERED BILL IN THE CREDITOR
BOOK. THAT WAY, SHOW THE DEBIT BALANCE OF CREDITORS A/C
| Is This Answer Correct ? | 15 Yes | 3 No |
what is holding company?
23 Answers Capital IQ, General Petroleum, Joint Stock Company,
what is mean by brs?
what do you mean indirect expanse in trading business?
how much percentage of ESI will be deducted in salary?
What is the fullform of WCT? Can anybody tell me about this? How and where are we using this?
what are the differences between Tally and Focus?
nav , npv
Expand---------DSCB
what do u mean by NPA????
8 Answers State Bank Of India SBI,
which is the standard debt equity ratio ?
what difference b/w commerce and accounting?
Q: What job would you like to have in five years time?