Advances Paid to Sundry Creditors
This query is : Resolved
21 October 2008
How shall we show the advances paid to sundry creditors, whether under sundry creditors or separately under loans and advances recoverable.
S.Srinivasaraghavan
(Expert)
21 October 2008
Separately under loans advances, if the advance paid to him is more than the amount due to him.
21 October 2008
agreed with mr raghavan view always remeber advance received or given should be shown seperately it will be easy for you if you are asking money or giving money you will come to now against ehich bill the amount is due to pay or receive
22 October 2008
Under the head of Loans and Advances
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