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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (157)
 Taxation interview questions  Taxation Interview Questions (1893)
 Accounting General interview questions  Accounting General Interview Questions (2781)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
Question
Who are Debtors & Creditors?
 Question Submitted By :: INTERQUESTION
I also faced this Question!!     Rank Answer Posted By  
 
  Re: Who are Debtors & Creditors?
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 ?    204 Yes 29 No
Anwar
 
  Re: Who are Debtors & Creditors?
Answer
# 2
from whom we purchase products are creditors for us
persons purchased from us are the debtors for us
 
Is This Answer Correct ?    185 Yes 31 No
Madhubala
[Private Concern]
 
 
 
  Re: Who are Debtors & Creditors?
Answer
# 3
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 21 No
Dimple
 
  Re: Who are Debtors & Creditors?
Answer
# 4
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 ?    75 Yes 23 No
Aleem
 
  Re: Who are Debtors & Creditors?
Answer
# 5
DEBITOR IS A PERSON WHO OWES MONEY TO BUSINESS AND CREDITOR
IS A PERSON TO WHOM BUSINESS OWES MONEY.
 
Is This Answer Correct ?    69 Yes 13 No
Lakshmanreddy
 
  Re: Who are Debtors & Creditors?
Answer
# 6
HI,THIS IS LAKSHMAN PLS SOLVE MY PROBLE THAT I CON'T SPEAK
FLUENT ENGLISH PLS SENT HOW to
IMPROVE.reddy_lakshman86@yahoo.com
 
Is This Answer Correct ?    17 Yes 33 No
Lakshmana
 
  Re: Who are Debtors & Creditors?
Answer
# 7
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 ?    64 Yes 11 No
Rajesh
 
  Re: Who are Debtors & Creditors?
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
 
  Re: Who are Debtors & Creditors?
Answer
# 9
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 ?    42 Yes 7 No
Sunil
 
  Re: Who are Debtors & Creditors?
Answer
# 10
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 ?    29 Yes 13 No
Rishikesh
 

 
 
 
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