creditors have debit balances as advances receive from creditors..........
sundry creditor shows credit balance
In accounting, "Accounts Payable" (AP) represents the amount a company owes to its creditors for purchases made on credit. When cash is paid to settle these liabilities, it decreases both the cash balance and the accounts payable balance on the company's balance sheet. Essentially, cash paid to creditors reduces outstanding debts, reflecting the company's commitment to meet its financial obligations.
Accounts payable are usually the suppliers to a company who are providing credit terms on purchases. Sundry creditors are any other creditors which dont fall into the usual categories on the balance sheet.
If the balance of accounts payable has increased on the final balance sheet, it means that the company has more creditors to pay and might be struggling with its finances.
creditors have debit balances as advances receive from creditors..........
When a company liquidates, creditors generally receive less money than they owe. Creditors will have to write off the balance, so that their books can balance.
money owed by the company
The balance due to the creditors.
Creditors are interested in balance sheet to check that how much money company has already taken as a loan from other creditors and how much assets are pledged and will company be able to return credit or not.
Payment to the creditors Creditors Decrease Bank balance decrease
sundry creditor shows credit balance
Sure, you can always negotiate- but your creditors are not bound to deal with you.
Balance Sheet!!maybe some kind of balance that have deposite.and it current only...
Accounts payable are usually the suppliers to a company who are providing credit terms on purchases. Sundry creditors are any other creditors which dont fall into the usual categories on the balance sheet.
If the balance of accounts payable has increased on the final balance sheet, it means that the company has more creditors to pay and might be struggling with its finances.
If the creditors sue you for unpaid balance they can put a lien on your home if it is in your name.