Interested to Buy Any Domain ? << Click Here >> for more details...
what is differance between creditors & expenses for
creditors?
- 3 Answers
- 32997 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 |
Enter the following in the petty cash book, using appropriate expenditure column headings. the book is kept in the the amount of imprest system. the amount of imprest is #40,000
what is balace sheet??
14 Answers Accounting, Genpact, HDFC, JanPak,
what is the meaning of P/V Ratio?
25 Answers Chartered Accountant, Deloitte, eForum, GIC, Infosys, TCS, Wipro,
how to entry of hra
can debenture is cenverted into share?if yes? how?
how to see monthly entries in tally7.2
In intangible assest, patents ,trade marks,copy rights we can feel or some thing can be done but what about goodwill?
what is the use of special general ledger if the normal trasaction in usage.
List the clasification of errors
what is revenue expenditure
The following suggestions are under consideration: (a) 10% reduction in price to yield an increase in sales volume from 6600 to 7400 units. Current unit price Rs. 1,000 Unit variable cost Rs. 500 Fixed cost Rs. 30,00,000 Prepare a statement comparing gross revenue, profit, contribution and P/V ratio of the two alternatives with present results. Which suggestion would you recommend?
what are the concepts & conventions of accounting?
Audit 
