Comments for Debtors Control Account - Credit Balance? Click here to add your own comments

DEBTOR CONTROL CREDIT BALANCE by: MANISHA Yes, it's possible. The reasons being one of the following: * Debtor has overpaid * Debtor has been passed a credit * Receipt may belong to a different debtor account

All debtors should have debit balance . by: Anonymous All debtors should have debit balance is ideal position to say. All debtors should have debit balance and all creditor should have credit balance .

Debtors Control - Credit Balance by: Anonymous Yes, it's possible. The reasons being one of the following: * Debtor has overpaid * Debtor has been passed a credit * Receipt may belong to a different debtor account Watch for the following: * Debtor may have paid a deposit * Debtor may have paid on a quote or pro-forma invoice If that is the case - an invoice has not been generated. Also be very careful to assume that debtors balances are correct. Always double check 1st before making any refunds or assuming that they don't owe you. All credit balances should always be scrutinized.

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