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
What GP resew of balance sheet taking.
Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.
what are the main important accounting entries for AP and AR ...
Hello Sir, My Name is Shoaib, I am Novice in Accounting Field. I want to learn the simple & step by step, procedure to final my company account. Please Help
Is financial accounting necessary?
What are mis reports?
whats difference between manufacturing account & cost account
Tell me the types of accounts involved in double entry book-keeping?
i need clarification about tds will be calculate before deductions or after deductions on gross salary+incentive
Tell me what do we mean by purchase return in accounting?
Please provide me the entire format of P.F. & ESI
Assume that the real risk-free rate is 3% and that inflation is expected to be 8% on year 1,5% in year 2,and 4% thereafter.Assume also that all Treasury bonds are highly liquid and free of default risk. If 2-year and 5-year Treasury bonds both yield 10%,calculate the difference in the maturity risk premium on the two bonds.
ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10
Define trade bills?
What is band and why the company needs this?
