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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1899)
 Accounting General interview questions  Accounting General Interview Questions (2810)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4363)
Question
Who are Debtors & Creditors?
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Debtors are the parties who has to owe to the organisation
and creditors are those parties to whom we have to owe.
 
Is This Answer Correct ?    208 Yes 30 No
Anwar
 
Answer
# 2
from whom we purchase products are creditors for us
persons purchased from us are the debtors for us
 
Is This Answer Correct ?    187 Yes 32 No
Madhubala
 
 
 
Answer
# 3
DEBITOR IS A PERSON WHO OWES MONEY TO BUSINESS AND CREDITOR
IS A PERSON TO WHOM BUSINESS OWES MONEY.
 
Is This Answer Correct ?    70 Yes 13 No
Lakshmanreddy
 
Answer
# 4
debtor is a person who have to pay money to the business is
called debtor

creditor is a person to whom the business have to pay the
money is called creditor.
 
Is This Answer Correct ?    65 Yes 11 No
Rajesh
 
Answer
# 5
The person who purchase the commodities on credit base is
called debtors and the person who sell the commodities on
credit is called creditor.
 
Is This Answer Correct ?    76 Yes 23 No
Aleem
 
Answer
# 6
Hi Madhubala,

I am not agree with you. You should add Credit on your
answer

The person who purchase the products on credit base is
called debtors and the person who sell the products on
credit is called creditor.
 
Is This Answer Correct ?    43 Yes 7 No
Sunil
 
Answer
# 7
Credit purchases done from concern party,individual or company is known as
creditors and credit sales done to concern party , individual or company are
known as debtors
 
Is This Answer Correct ?    57 Yes 22 No
Dimple
 
Answer
# 8
Debtors Means: ( Who purchase Credit.)

( E.g) Purchase A/c Dr

To Dhawan ( Party Account)

( In Debtors Books)


Creditors Means: ( Who sale Credit )

( E.g) Rajinder A/c Dr ( Party Account)

To sale

( In Creditors Books)
 
Is This Answer Correct ?    35 Yes 7 No
Rajinder Dhawan
 
Answer
# 9
HI I AM RISHIKESH...
According to my point of view..
The person who purchase the commodities on credit base is
called debtors and the person who sell the commodities on
credit is called creditor.


singhrishikesh3@gmail.com
 
Is This Answer Correct ?    30 Yes 13 No
Rishikesh
 
Answer
# 10
In simple terms Debtors is something you give to others
and creditors is something which you get from others
 
Is This Answer Correct ?    4 Yes 2 No
Ammu
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
What is trail balance? what is Profit & loss a/c ? what is Balance sheet? Siyaram 3
EXPAND______________HDTV   1
what is journel entry for bank charges Genpact 13
What is money at call and short notice ? Lakshmi-Vilas-Bank 3
what are the characteristics of financial accounting Genpact 5
What is the differnce between funds flow & Cash flow? Genpact 7
Expand------AAIFR   1
What accounting records must a company charity keep, and for how long?   2
what is diffarant tds and incometex.   2
Why Closing Stock Not shown in Trial Balance?   19
Expand ________DBMS   2
what is the difference between Purchase order and invoice   7
 
For more Accounting AllOther Interview Questions Click Here 
 
 
 
 
 


   
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