What are the reasons for Suppliers balance outstanding
showing as negative?
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Answer / prasad deshmukh
in case
1) excess payament made to party
2) adv. payment made to the party
3) amount wrongly debited or twice record
4) direct payment to creditors by debtors or etc. without
intimetion
| Is This Answer Correct ? | 12 Yes | 0 No |
Answer / lalitha
1.Wrongly debited or posted
2.Make payment twice unknowingly
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / sukumar
Depends upon the purchase order we have to make the payment
to supplier, as the same way we have released payement and
debited accordingly.But in some cases if any damages while
unloading / transporting the material that time we may not
verify these are not a usable condtion. So that as per
stores information we may debit the same amount. so it may
posible to show negetive balance.
| Is This Answer Correct ? | 1 Yes | 0 No |
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