who is debtor? who is creditor?
- 15 Answers
- 42456 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / harshad
Debtor is a Saler for eg.If A sold goods to B. so B is a
debtor of A.Because A receive money from B
Creditor is Purchaser for eg. If X Purhase goods from
Y.than y is a creditor to X. Because X Paid money to y.
| Is This Answer Correct ? | 112 Yes | 32 No |
Answer / mohit nama
when a credit sales made, the purchaser of the goods is
debtor.
| Is This Answer Correct ? | 51 Yes | 13 No |
Answer / deepak
Debtor is a person/company whom the goods have sold on credit.
Creditor is a person from whom the goods have purchased on credit.
| Is This Answer Correct ? | 32 Yes | 2 No |
Answer / saroj behera
debtor who taking or borrowing money from others is known as
debtor and creditor who give money to the others.
| Is This Answer Correct ? | 28 Yes | 7 No |
Answer / saif
A debtor/Accounts receivable is a person who owes to money to the business as he has received some benefit from the business.
A Creditor/Accounts Payable is a person to whome the business owes money as he has given some benefit to the business.
| Is This Answer Correct ? | 27 Yes | 8 No |
Answer / chandu
Debtor: The company,firm,person are the services,sales,
work done provided to the other person,firm or company and
amounts receivable from them those are called debtors. for
example : X is provided to services/sales/work done to Y
i.e., Y debtor for X.in the case X is amounts receivable
from Y.
Creditor: X is purchased the materials or services rendered
in credit basis from Y i.e., Y is creditor to X.in the case
X is amounts payable to Y.
| Is This Answer Correct ? | 10 Yes | 1 No |
The word "Debtor" or "Credior" appears when the transcation
is made on credit.
Debtor-Debtor is a person who owes money to the
company/business or a person/company whom the goods have
sold on credit.
Creditor-Creditor is a person to whom company owes money or
a person from whom the goods have purchased on credit.
Debtor is shown in Right side(Assets side) of Balance and
Creditor is shown in lest side (Libilities side) of the
Balance sheet.
| Is This Answer Correct ? | 10 Yes | 3 No |
*********************************************************
To be more simple.
Debtors = Total of all credit Sales to customers (Asset).
Creditors = Total of all credit purchases form Vendor
(Liabilities).
***********************************************************
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / anusha
the word debtor or credior appears when the transcation is
made on credit.
debtor-debtor is a person who owes money to the
company/business
creditor-creditor is a person to whom company owes money.
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / shakeel
Debtor is a Customer we sales to him ,and creditors we
purchasing material
| Is This Answer Correct ? | 6 Yes | 3 No |
RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above
what differance Between Capital reserv and reserve capital?
4 Answers Dharampal Satyapal Limited, Genpact,
what is a source document for a cancelled cheque
WHAT IS MEANING OF PROVISION
is there is mentioned that we can adjust excess debtors with creditor in the stock statement while calculating Drawing Power
what is the meaning of profit and loss account
Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
while preparing insolvency account deficiency account is wich account? why we do not prepare it with general rules?
what is direct expensive?
What do you mean by DP(Drawing Power)
What is the networth percentage observe by banks
What is the entry to be passed on receiving the tds certificate in the books of the deductee?
Audit 
