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Sundry Creditors

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 May 2010 Sundry creditors DR.Balance can we shown under Current Assets, Loans & Advances under Assets side or it should be net off against other Sundry Creditors Cr.Balance.
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CA Shiv

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CA Shiv (Expert)
25 May 2010 it has to be shown under advances and loans in current assets... It cannot be net off..

SAme way is debtors credit balance....

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