adspace


who is debtor? who is creditor?

Answer Posted / santosh

one who buy goods is debtor. and one who sale goods on credit is creditor.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-

1963


There is no item category assigned to account

2244


Tell me about a situation where you showed determination?

1143


what is the new rate of c.s.t in uttraklhand

2460


Tell us what kind of work environment do you prefer?

1175


VAT PER SURCHARG KAB SE KIS DATE SE LAG RAHA HAI

2174


Do you have any professional experience in this field?

1111


What qualities have you got that would make you a good accountant?

1117


can any one send me tally professional version link

1722


Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.

2015


Please provide me the entire format of P.F. & ESI

2191


what accounts payable applications are your familiar with?

1228


Can you send me advertisement format for lost of E-1 form. kindly do the needful urgently. Thanks AP

1995


what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.

1887


The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.

1847