TaxTMI 
TaxTMI 
Creditors Payment
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....reditors Payment<br> Query (Issue) Started By: - Rajendra Patil Dated:- 27-9-2017 Last Reply Date:- 27-9-2017 Corporate Laws / SEBI / LLP<br>Got 4 Replies<br>Companies Law<br>Dear Sir, Simply debit b....
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....alance 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 ask....
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....ing for payment. Your assistance in this matter is greatly appreciated. Regards Reply By MARIAPPAN GOVINDARAJAN: The Reply: You may show the proof for making payment and if any receipt received f....
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....rom your creditor for such payment. Reply By Rajendra Patil: The Reply: not the issue of payment, since all the payments are accounted in customers ledger, some of bills, (Supplied to some other cus....
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....tomer ) accounted in our ledger, and now asking payment against these bills. Reply By KASTURI SETHI: The Reply: Simply debit balance in the books of account of creditors, is not suffice, other docs ....
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....are also required. On what basis ? How the balance exists despite all clearance of bills by you ? One to one correlation is required. Reply By Chhatra Jain: The Reply: Have you asked him why bills ....
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....not pertaining to you entered in your ledger in his books of account ? What was his reply ? In case he does not substantiate his claim there is no point in his claim.<br> Discussion Forum - Knowledge ....
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....Sharing ....