Interested to Buy Any Domain ? << Click Here >> for more details...
Who are Debtors & Creditors?
- 28 Answers
- 64885 Views
- TCS, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / anwar
Debtors are the parties who has to owe to the organisation
and creditors are those parties to whom we have to owe.
| Is This Answer Correct ? | 217 Yes | 30 No |
Answer / madhubala
from whom we purchase products are creditors for us
persons purchased from us are the debtors for us
| Is This Answer Correct ? | 197 Yes | 32 No |
Answer / lakshmanreddy
DEBITOR IS A PERSON WHO OWES MONEY TO BUSINESS AND CREDITOR
IS A PERSON TO WHOM BUSINESS OWES MONEY.
| Is This Answer Correct ? | 73 Yes | 13 No |
Answer / aleem
The person who purchase the commodities on credit base is
called debtors and the person who sell the commodities on
credit is called creditor.
| Is This Answer Correct ? | 78 Yes | 23 No |
Answer / rajesh
debtor is a person who have to pay money to the business is
called debtor
creditor is a person to whom the business have to pay the
money is called creditor.
| Is This Answer Correct ? | 65 Yes | 11 No |
Answer / dimple
Credit purchases done from concern party,individual or company is known as
creditors and credit sales done to concern party , individual or company are
known as debtors
| Is This Answer Correct ? | 57 Yes | 22 No |
Answer / rajinder dhawan
Debtors Means: ( Who purchase Credit.)
( E.g) Purchase A/c Dr
To Dhawan ( Party Account)
( In Debtors Books)
Creditors Means: ( Who sale Credit )
( E.g) Rajinder A/c Dr ( Party Account)
To sale
( In Creditors Books)
| Is This Answer Correct ? | 36 Yes | 7 No |
Answer / ammu
In simple terms Debtors is something you give to others
and creditors is something which you get from others
| Is This Answer Correct ? | 4 Yes | 2 No |
what is derivative?
wat is the deffernce b/w 4.6c and 4.7 versions?
How baddebts received effects in trial balance and balancesheet
Expand A T M
debentures
you purchase a machinary on a loan what is the joury entry for that and where will you show the the loan amount in balance sheet and show the ledger account?
What is meant by Cost Accounting? How it is different from Financial Accounting?
EXPAND_________VIT
give me only one transactions in both side (debit&credit) should be in real accounts
Short Answer on ________Ad-Valorem Duties
What is the Meaning of Current ratio?
What are the Goddwill calculation Methods?
Audit 
