Answer Posted / venkatesh
DEBTOR:
Debtor is the person receives benifit from the company and
this account is show on the assets side of the balance
sheet in the head of current assets.
CREDITOR:
creditor is the person gives benift to the organisation are
company. those accounts are show on the liabilites side of
the balance sheet in the head of current liabilites.
| Is This Answer Correct ? | 6 Yes | 3 No |
Post New Answer View All Answers
I AM APPLY FOR CLERICAL CADRE IN SBI. SO ANYONE SEND ME QUESTION WITH ANSWERS, WHICH ARE RELATED TO THAT JOB. MY EMAIL ID IS shawetasingh24@gmail.com
wages posted twice what is the entry for that?
how to calculate stt
what is debit/credit note ? what deffered income and expencess?
What is the difference between income statement & Profit&loss A/c?
For the production of 10,000 units the following are the budgeting expenses: Per Unit Rs. Direct materials 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs.1,50,000) 15 Selling expenses (10% fixed) 15 Variable expenses (direct) 5 Administrative expenses (Rs.50,000 fixed) 5 Distribution expenses (20% fixed) 5 Total cost of sales per unit 160 Prepare the flexible budget for the production of 6,000 , 7,000 ,and 8,000 units of production
What is the procedure to become charted accountant in India now. Please answer this is urgent
Short answer on____________Assessment Year
Do I need a waybill in the following case:- If I purchase (on bill) small quantity goods (like artificial jewelry) from one state (say Delhi) and transports it personally (say via flight) to other state (say West Bengal) along with my personal belongings and then I put them to sell through my boutique in that state. Do I need waybill? If yes, what will be the procedure? Do I need to pay entry tax at WB? What will be the procedure? Am I doing anything unlawful while transferring goods personally? Please give your advice. Regards, Manoj
what is the difference between planned and non planned budgt
what is participation right is it a debt? or not?
How many types we are received funds in business purpose
Where to enter bonus and pf esi in tally pls help for me
When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm
Why we reconcile our debtors? what steps we taken during reconciliation.
