Creditors Payment

[Rajendra Patil]

Dear Sir,

Simply debit balance in Customers account (In the books of Creditor ) not in our books, can creditor ask for payment, we settled all the bills, but creditor submited his ledger showing balance in his ledger and asking for payment.

Your assistance in this matter is greatly appreciated.

Regards

AI Summary

Creditor ledger entries must be substantiated with proof and reconciled before a payment claim can be enforced.
A creditor's debit balance in its own ledger does not alone establish a payment claim; the creditor must substantiate the alleged balance with documentary evidence and invoice-to-ledger correlation, and where entries relate to other customers or are misposted the creditor must explain and reconcile those entries before any payment obligation is accepted.