who is debtor and creditor?
- 4 Answers
- 7916 Views
- I also Faced
- E-Mail Answers
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
suppliers.
| 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 |
whah is price earning formula?
Period I :- Sales= Rs 15000. Profit= Rs 400. Period II :- Sales= Rs 19000. Profit= Rs 1150. Calculate : a) P/V ratio. b) Profit when sales are Rs 12000. Cc) Sales required to earn a profit of Rs 2000. d) Margin of safety in period II. e) variable cost in period I.
how we enter insurance claim entry in tally
what is difference between single ledger & multiple ledger with solid example .beacuse i am slow learner .
Why an Expenditure is called Differed?
Could you tell someting Use's of Trial Balance and where we get the details.
when company pass ordinary resolution
what is provision what is the difference between provision & reserve
sir , i am very confussing enrty for cash receipts in t code fbcj. do the effect on wbs element after selected wbs ?
Tell me in accounting, vat abbreviates what?
Suppose a person is paid @ Rs.1 Lac Per Month for 2 months by the Owner/Director prior to the Company's incorporation for Managerial work and that person continues to work with the Company . Is the Director liable to deduct TDS on his Employee's Salary before incorporation also? And when the Company is incorporated after 2 months, Is it possible to show this expenses as Pre-incorporation Expenses?.What would be treatment for Salary Paid and TDS Deducted when the Company is incorporated? How will we give TDS Certificate to the Employee at the end of the Financial Year?
what is the use preparing balance sheet
Audit 
