Answer Posted / saroj kumar satapathy

Debtors are the one to whome you have shold good on credit, and they have to pay for that in future. 
Detors are the current Asset. 
Creditores are the one from whome you have purchased good on credi, and you have to for the sam in future. Creditors are the current Liability

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.

1776

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How do you add/remove a payment block for particular invoice ?

2240

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what is the difference between profit center area and business are.? please make me clear.

2517

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What entry to be passed for Duty draw back as receivable

2003

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What are the difference between Debit Memorandum and Credit Memorandum?

2140

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Who is considered the father of accounting?

1270

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What is vendor?

1157

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What are the steps involved in project implementation?

1250

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what are the disadvantages of back-flush accounting?

1127

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Q1©. Gratuity of Rs. 1,20,000 is received in August, 2007 by Mr. M, a legal heir of Mr. R aged 45 years who died on June 28, 2007. Is it taxable?

3752

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i wana give an interview as sr. excise officer what r the question will asked by interviewer ??? Please suggest me so I can clear inteview.thank u

5690

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What is the difference between cost accounting management accounting and financial accounting?

1132

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Explain what is gaap?

1122

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What is the depreciation rates for all the assets?like plant & Machinery,computers,software,land & buildings

4804

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We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.

1502

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