when the creditors shows debit balance

Question Posted / narendra

4 Answers
36507 Views
Genpact, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

when the creditors shows debit balance..

Answer / mudunoori

In case we pay advances in anticipation of future supplies
the creditors account will show debit balnce or in case any
excess payment made to supplier due to mistake in taking
the earlier payment into consideration,creditors account
will show debit balance

Is This Answer Correct ?

53 Yes

3 No

when the creditors shows debit balance..

Answer / raghvendra mishra

In case any third party give services to the company, and
taka advance or acees amount than his bill, this is main
cause to show the debit balance in creditors accounts

Is This Answer Correct ?

17 Yes

4 No

when the creditors shows debit balance..

Answer / sandeep

When the payment is received more than due amount

Is This Answer Correct ?

16 Yes

4 No

when the creditors shows debit balance..

Answer / rajeshgupta

IN CASE THE COMPANY PAID BILL AMOUNT IN ADVANCE BUT NOT
ADJUST WITH THE INVOICE OR NOT ENTERED BILL IN THE CREDITOR
BOOK. THAT WAY, SHOW THE DEBIT BALANCE OF CREDITORS A/C

Is This Answer Correct ?

15 Yes

3 No

Post New Answer

More Accounting AllOther Interview Questions

Is sensex opens in morning with same points with which it was closed on eve of previous day or may its points change in night?

2 Answers

Expand-------ANCS

0 Answers

what is genpact? Tell us about genpact? what is GE? Tell us about GE? Describe your ideal company,location and job? why we should hire you? why do you want to join our company(GE)? What is capital bugeting? Explain the methods of capital bugeting in detail?

20 Answers Bank Of America, GE, Genpact, HCL, ICICI, Oxygen,

Invoice for Rs 492650/- is inclusive of 14.5% VAT. Pl calculate Basic Rate for the material.

Expand----------NZP

Expand ________BCSB

Expand---------PTSR

Decrease in the amount of Creditors result in 1.Increase in Cash 2.Decrease in Cash

6 Answers Infosys, SET Exam,

what is the diferenece between cost accounting & financial accounting, with example?

1 Answers

LET ME KNOW WHAT IS THE PROCESS FOR CUSTOMER INTEREST CALCULATION KINDLY EXPLIAN THE REQ. STEPS

1 Answers

what is a depository?

0 Answers Mellon,

Hi, I am preparing for Junior Accounts Officers test- APTRANSCO. Can any one suggest the model paper / Books available? Many Thanks in Advance Lakshmi

3 Answers APTransco,

For more Accounting AllOther Interview Questions Click Here