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when the creditors shows debit balance

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when the creditors shows debit balance..

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

when the creditors shows debit balance..

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

when the creditors shows debit balance..

Answer / sandeep

When the payment is received more than due amount

Is This Answer Correct ?    16 Yes 4 No

when the creditors shows debit balance..

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

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