what is the sundry creditors for expenses ans with examples
Answer Posted / dharmesh sati
Creditors - If ABC LTD companay had purchased material from
XYZ Company in that case
For ABC LTD XYZ is Creditors mean ABC have to pay to XYZ &
For XYZ ABC is Debtors mean XYZ will received amount from
XYZ
In short Creditors are liability for Business & Debtors are
assets of Business
Is This Answer Correct ? | 82 Yes | 31 No |
Post New Answer View All Answers
business sepsarate entity concepts
what is difference between account and accounting
What is the Formula For Return on Working Capital
an amount deducted from the catalog price for an item of merchandise is called?
Short answer on Amalgamation
Expand-------------BRTS
Expand--------SOT
which is the combine entry in ERP?
Dear Sir/Madam, Executive Trainee...Finance I had been called for NTPC Group discussion and GD please guide me for getting success in GD and interview...
Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?
Expand-------SNAT
If in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?
please send me last 3 years question & solution
About Funding Working Capital to a Company? A company Turn over is 12 Cr, but in the bank statement credits per month is more that 3 Cr? how this could happen? awaiting your views?
why cost center is assign to gl account in sap