when the creditors shows debit balance
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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 |
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