what is the debtor & creditor, i am purchasing a good then,"
who is the creditor"
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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 |
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