Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


What is short term > debtors & Creditors ??
What is Long term > debtors & Creditors ??

Answers were Sorted based on User's Feedback



What is short term > debtors & Creditors ?? What is Long term > debtors & Creditors ?..

Answer / parandham

Short term:<365 days from the invoice date
Long term:> 365 days from the invoice date
As per the customer confirmation we have to move respective
invoice to short term/long term.

In SAP: Short term/long term we have to creat one spl GL
Indicator which is determine short term/long term.

for example for long terms O is the spl GL N for long term.

Is This Answer Correct ?    2 Yes 2 No

What is short term > debtors & Creditors ?? What is Long term > debtors & Creditors ?..

Answer / farooq baig

1. Short term debtors means the persons buys goods for credit on short term say fortnight or 1 month. Creditors vice versa.

2. Long term debtors means the manufacturers/Persons buys goods for crdit for long term say above 1 month to 6 months. Creditors vice versa.

Is This Answer Correct ?    2 Yes 10 No

Post New Answer

More Accounting General Interview Questions

Where I can Found Cost Reduction Techniques Implemented by Various cement Companies

0 Answers   Construction,


what is the diffrent between form-c and form 16

3 Answers  


3- Does petty cash book link to cash book, explain?

1 Answers  


what is primary cost category?

4 Answers  


If I need Finance from the Bank I need to give the CMA Format date, Can somebody help giving me this format ??

1 Answers  


What is the difference between perpetual and periodic inventory systems?

0 Answers  


What is Current Assets minus current Liabilities?

22 Answers   Capital IQ, Core Logic, FIC,


what is the difference between depreciation in account books and depreciation as per income tax act

2 Answers  


Tell me in accounting, how do you define premises?

0 Answers  


Suppose we are getting a TDS Certificate from our vendor's how can enter the same in our books.

1 Answers  


how to assign the cost center to GL Account in SAP (FICO)

0 Answers   EXL,


Is there any different between Modvat & Cenvat...?

2 Answers   Coal India,


Categories