what is mean by debit purchase

Answer Posted / sam

A company that purchases debt from creditors at a discount. Debt buyers, such as a collection agencies or a private debt collection law firm, buys delinquent or charged-off debt at a fraction of the debt's face value.

Is This Answer Correct ?    1 Yes 11 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what are the disadvantages of back-flush accounting?

617


ram paid to cheque rs 25000/- for comission what is the entry in tally can in this entry tds will deduct then what is the entry in tally and which voucher

1090


what is the method deposit of wct in Delhi

1718


What is the purpose of accounts like e.g. expense accounts assigned a account number 0040, principal account assigned anumber 0060.In our general ledger software such numbers are assigned.I want to know how these numbers (accounts) help in maintaing accounts of a company (like bank reconciliation).

1384


how will you handle fairs in askening with the a high posistion person in a company? how will i develop my attitude when interviewed? am always scared.

1599






Do you know in accounting, vat abbreviates what?

639


What is the marginal cost formula?

599


Tell me how can you define departmental accounting?

535


what is t code of journal voucher report with amount?

1757


Do you know company's payable cycle?

658


Hi, I am working at Himachal Pradesh, there we pay entry tax for purchase other state. but now govt decide this tax will be deposited with Sale Tax return, now my question is that where column i show this tax or which challn i deposit this tax

2345


formula of reduction in tax credit of vat form 201(gujarat)

3727


HI FRNDS THIS IS NARESH I DONE MBA (FINANCE)IN 2011. AND I DID COMPLETE SAP FICO.I WANT TO DO START CAREER WITH SAP FICO PLZ TELL ME PLZ HAVE ANY INTERVIEW AS FRESHER IN HYD OR PLZ SEND THIS MAIL...NAINALA.NARESH@GMAIL.COM

1958


What procedure for excess payment to supplier I would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps?

649


Tell me the stages of double entry system?

600