Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

who is the creditor and debtor

Answer Posted / anchit saxena

hello viewers, actually i was posted a wrong answer due to
my mistake so i m posting a new answer right now:
Creditor means a person from whom goods are purchased.
Debtor means a person to whom goods are sold.

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.

2118


Key difference between indian accounting standards and international accounting standards is.

1105


What is budget variance analysis?

7076


What is meant by daily accrual and booking?

1184


Explain an example of a tough decision you had to make quickly?

1029


A Company has not deposited its ESI /PF dues from 01-04-10 till 31-12-10 in a year (Both the shares). What is the maximum time limit for that and is the liability as on date. Management wants to daly at the maximum, but want the calculations of each & every aspect- monthwise. The avrerage no. of employees are 50 and the salary is around 2.00 to 2.5 Lacs per month.

2017


What is the procedure of submit bank guarantees and cancellation.

2536


Accounting Questions

5854


describe any accounting process that you have developed or revised

1062


What are control ledgers?

1163


"Trial Balance is not a comclusive proof of the accuracy of the books of accounts." Explain this statement and describe the errors which are not disclosed inspite of the agreement of trial balance.

2626


What is the difference between cfa and csa?

10570


"Closed Period" method. our current company method of accounting is called the "OPEN PERIOD". It's time we'd like to use the "CLOSED PERIOD". What is the standard timing and detailed procedure for closed period most of the company have been used. Please advise. thanks.

2050


how many invoice types are there in accounting and what is the satutary obligations for each invoices and waht are the basic differences in those invoices.

2353


purchase return liability or asset?should it be included in the balanced sheet?

1547