Answer Posted / harbrook
Creditors are ( Who we owe to, it could be from purchasing goods or services on credit, or just a loan from a bank, organization or person.
Debtors are( who owe us) it could be people to whom we sold goods on credit, or provided service on credit to, or loaned money to.
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What is customer account?
What is peach tree accounting?
How Many Accounting Principale
What is consignment cycle.?Explain the steps involved in the Consignmet..?
X draws a bill on Y for Rs 20,000 for 3 months on 1.1.05. The bill is discounted with banker at a charge of Rs 100. At maturity the bill return dishonoured. In the books of X, for dishonour, the bank account will be credited by Rs. (a) 19,900 (b) 20,000 (c) 20,100 (d) 19,800
salary entry with briefly including pf,esi,employee advances -journal entry with against payment entry
Explain me your current/former role, your responsibilities, and how success is/was measured?
I am a service man.I want to submit my income tax return by efilling.Anybody can help me to do the same with the information to submit the file?
Tell us depreciation and its types?
What are the advantages & disadvantages of double entry system?
i have pay to 250000 excise duty so i ask to all how can maintain entry in tally ?
Tell me deferred taxation is a part of which equity?
what is the format of salary slip when basic , D.A.H.R.A. ,conveyance allowence , concluded and in deduction part P.F. E.S.I. & P.Tax.
Explain the Invoice verification process
Who is the sundry creditors