Treatment of a creditor
Sai charan (Article Assistant) (72 Points)
12 July 2016
what should be the treatment of a creditor with a debit balance as per companies act
2 Replies
venkat
(CA )
(1518 Points)
Replied 12 July 2016
Debit balance arises when advance payment is done must be shown in balance sheet in assets side under current assets
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