Interested to Buy Any Domain ? << Click Here >> for more details...
what is differance between creditors & expenses for
creditors?
- 3 Answers
- 33062 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sweety
creditor is a liability for the firm which firm has to pay
in future at a particular point of time. and expenses for
creditors is the expenses which we are occuring before we
pay the liability. for eg. if we have heir a car for 2 yrs.
So now for 2 yrs we are using this car and expense we are
occuring in maintaining it is expenses for creditors.
| Is This Answer Correct ? | 29 Yes | 11 No |
Answer / eswar
creditor is a person who lent money or sell goods on credit
to the firm in other words, credit for means, who gave
benefit to the firm and yet to receive the equivalent from
the firm
| Is This Answer Correct ? | 18 Yes | 11 No |
Answer / silo levels
You may have a category of sundry, or miscellaneous, creditors on the books for occasional or small vendor relationships, rather than setting up a separate vendor account for these infrequent relationships.
With today's computerized accounting, such an account is seldom used, since it is very quick and easy to add a new vendor or make inactive an unused one.
| Is This Answer Correct ? | 3 Yes | 3 No |
is it possible that on dealer of work contract can opt composition and non-composition both scheme in dvat?
wht is INSTITUTIONAL INVESTMENT?
Stock Turnover Ratio?
EXPAND_________SEWAS
Can I freeze my account?
Suspence A/c is ___________ Account? a) Real b) Nominal c) Personal d) All
What you mean by Accruals
How is the expenditure of developing a modified product treated?
in tally where depreciation can shown? and how it can be shown?
Why would dividend declared not be included when calculating net income?
What is meant by budget? Explain briefly
what is meant by spin off?
Audit 
