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TMI BlogCreditors PaymentX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 - Reply By MARIAPPAN GOVINDARAJAN - The Reply = You may show the proof for making payment ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and if any receipt received from 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 customer ) 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 c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reditors, is not suffice, other docs 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 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 h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is claim. - Creditors Payment - Query Started By: - Rajendra Patil Dated:- 27-9-2017 Corporate Laws / SEBI / LLP - Got 4 Replies - Companies Law - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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