hi frnds,i have a small problem as folows
iam working as accountant for two months ihave a doubt regarding expenditure of addvt
according to my business nature we have to give add some times
we offer one party in a month and another party in another month, but payment made after two or three months for each party.
now can i treat that each party as a creditor while passing J.V , or
is it right to give credit for advt exp payable.