Interested to Buy Any Domain ? << Click Here >> for more details...
what is the debtor & creditor, i am purchasing a good then,"
who is the creditor"
- 3 Answers
- 5965 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
the person who purchase ids call debtors, the person who
sells is call creditor
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / sunder pal
IF I PURCHASE THE GOODS ANOTHER PARTY IN THAT POSITION I AM
DEBTOR OF HIM AND ANOTHER PARTY IS CREDITOR FOR ME.
DEBTORS:-IS THAT WHO SALE THE GOODS TO ANOTHER PARTY IN
THAT POSITION HE WILL BE DEBTOR OF PURCHASER
CREDITORS:-IS THAT WHO PURCHASE THE GOODS FROM THE ANOTHER
PARTY IN THAT POSITION HE WILL BE CREDITOR OF SELLER.
IF A PURCHASE THE GOODS THEN HE WILL BECOME CREDITOR
IF A SALE THE GOODS THEN HE WILL BECOME DEBTORS.
(((((( IF I PARCHASE THE GOODS THEN ANOTHER PARTY IS
CREDITOR AND I AM DEBTOR.))))))))
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / naresh kumar
DEBTOR : THE COMPANY WHICH IS LIABLE TO PAY THE AMOUNT TO
THE OUTSIDER IS CALLED DEDTOR.
CREDITOR : THE COMPANY WHICH IS LIABLE TO RECEIVE THE
AMOUNT FOR THE OUTSIDE IS CALLED CREDITOR. SELLER IS THE
CREDITOR.
| Is This Answer Correct ? | 0 Yes | 0 No |
where unclaimed dividend will come in the balance sheet?
Which forms in use in service Tax, Excise duty and Vat for the return.
0 Answers ME, Signac International,
What is Reserve & Surplus? Plz give me with some Example.
10 Answers Bank Of India, Genpact, iGate,
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?
bill amount 30000 how to charge tds as sec 194c
Define offset accounting?
Why SAP Fico module is given more importance than Tally & other softwares
bills of exchange
what is contingent liabilty, how it shows in balance sheet?
Hi Everybody, Can anybody tell me how to create ledger in Peachtree Accounting software, means there are some Code, which Codes Comes under which ledger Account.your prompt Answer will be highly appreciated, Thanks & regards, Khan
Month end closing entries with example
we can transfer stock between two firms with same name but prop. is different.
Audit 
