Answers were Sorted based on User's Feedback
Answer / aisha nadeem
Debtor: the person from whom the buisness have to receive
the money or we can say purchaser.
Creditor: the person to whom the buisness have to pay the
maoney or we can say supplier from whom the buisness
purchse materials on credits.
|Is This Answer Correct ?||3 Yes||2 No|
Answer / kavita
Debtors: Debtors are also called Customers. when we sale
material on credit to party, than they call our debtors.
Creditors: Creditors are also called Supplier. When we
purchase material on credit from party than they called our
|Is This Answer Correct ?||4 Yes||4 No|
Answer / lokesh reddy
Y not to say debtor is asset
Creaditor is a liability
|Is This Answer Correct ?||0 Yes||0 No|
purchased books rs.50000 and paper 25000
what is the entry for toll gate fee
Give Journal Entry for "Interest Received from Bank" and give description with Accounting rules
How to explain salary outstanding as per traditional approach?
what is the journal entry can be passed for an opening balance (bank, fixed asset, provisions)to the new software
what is FIC
what are the General Ledger (G L)Accounts?
If you are a well experienced accounting personal and you apply for a job, what is that you will look in a firm before joining as the market is recession hit.
explain circumstances under which dissolution of solvent and insolvent partners are applicable using garners v/s murray rule
i purchase a vehicle rs 500000,including vat 5% , registration fee rs 40420 and insuarance fee 18500, after the use two year i sale it. how to calculate it cost? what entry in tally?
what is the difference between accounting and finance?