Who are Debtors & Creditors?

Answer Posted / rishikesh

HI I AM RISHIKESH...
According to my point of view..
The person who purchase the commodities on credit base is
called debtors and the person who sell the commodities on
credit is called creditor.


singhrishikesh3@gmail.com

Is This Answer Correct ?    30 Yes 13 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Dear Sir/Madam, Executive Trainee...Finance I had been called for NTPC Group discussion and GD please guide me for getting success in GD and interview...

1958


What is written off?

1653


Expand-----RTD

1594


Expand--------OTA

1705


While posting of FB50 entry therE showing errro msg " NOT ASSIGN COMPANY CODE OR CALCULATION PROCEDURE"

1528






how do you prepare the mis reports and prepare the one example report stating your accounts department proforma

1559


I KNOW THAT INSURANCE CHARGES ON PURCHASE OF VEHILE (LIGHT/HEAVY VEHICLES)HAS BEEN CAPITALISED OR NOT.?

1454


You are given the following information in respect of a company: Fixed cost –Rs.13,000 Variable cost –Rs.14,000 Net profit –Rs.3,000 Net sales-Rs.30,000 Find out: a>BEP b>The profit for sales volume of Rs.50,000 c>The volume of sales to make a profit of Rs.10,000

1479


what is meant by qurum

2012


What are the different payrolls? how we calculate the exmployee payroll? how we calculate the employee salaries details?

1803


What is accounts payable?

1652


can we get all interview questions with answers in tally 9 which mostly asked in MNC's.

1909


what is an advance against expenses

2839


How to Calculate PF with interest or without interest.

2867


What is mamimum rate of CST applicable on Plastic Doors in NOIDA?

1610