Interested to Buy Any Domain ? << Click Here >> for more details...
what is differance between creditors & expenses for
creditors?
- 3 Answers
- 33225 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 |
In which account does tea and xerox will be taken into consideration
What is semi variable expenditure and example?
why RBI cant print more currency?
expand P W D
is there any board resolutions in case of a proprietorship firm
what is capital gain
What do you mean by "Goods in Transit:
WHERE ARE ISSUE H FORM?WHAT IS DIFFERED INCOME TAX AND WHERE IT SHOWS IN BALANCE SHEET?
how to calculate IT? if bank intrest:1036 , long term capital gain:448841 short term capital gain :894 , income from rent 225000, and income from other source 347478, Advance tax paid 25000,lic 101508, medicliam 6990 and tds recd.25000
what is the finallizition account
what is forecast
explain about mergers & aquisitions? asked on 30/7/09
Audit 
