Interested to Buy Any Domain ? << Click Here >> for more details...
what is the debtor & creditor, i am purchasing a good then,"
who is the creditor"
- 3 Answers
- 5963 Views
- I also Faced
- E-Mail Answers
Answer Posted / naresh kumar
DEBTOR : THE COMPANY WHICH IS LIABLE TO PAY THE AMOUNT TO
THE OUTSIDER IS CALLED DEDTOR.
CREDITOR : THE COMPANY WHICH IS LIABLE TO RECEIVE THE
AMOUNT FOR THE OUTSIDE IS CALLED CREDITOR. SELLER IS THE
CREDITOR.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What does overhead mean in regards to accounting?
I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 -300000 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?
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.
paid vendor to RS 15000 and incentives of RS.5000 and deducted Rs.3000 as penalty so finally paid to vendor is Rs.17000. please let me know the journal entry for this.
How much statistics knowledge is necessary or required in accounting?
what is the due date of 28th feb
how to get a job in stock markets for MBA-FINANCE?
Explain me your current/former role, your responsibilities, and how success is/was measured?
one bank account transaction example ebanking raj medical 500000 dr. second bank account ebanking raj medical 500000 cr what is the entry in tally erp can it is contra contry or not please explain
what is the procedure to appoint an Austrlian citzen as indian company director...
How is the accounting for hire purchase transactions done?
what is the difference b/w carpet area,covered area and build- up area and how it is calculated.......
How i should sellone the mobile phone when interviewer will ask sell this phone to me?
Explain me do you think accounting standards are mandatory and why?
Define public accounting?
