Explain Sundry Debtors and Sundry Creditors.

Answer Posted / sandhu

debtor is the receiver
creditor is the giver
eg; service

Is This Answer Correct ?    3 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the general net worth percentage banks will observe while sanctioning the Loans for Tranding, Construction and Manufacturing units.

1477


What other careers are you considering?

685


Wat entry ill come after paying the Cen -Excise Tax Vat Tax and Service Tax in the same time

3740


Explain the concept of responsibility accounting

638


Productive Investment is Working Capital. Is it correct?

1254






Where the financial accounting fails the cost accounting for is rescue but still there are some limitations deficiencies in the system?

693


Hi I would like to know what is journal entry for buying securities with Margin Trading I mean 50% of cost is paid by broker. 2nd question is when we withdraw extra money from the balance we have in bank account which means our balance become (-) what is journal entry for that, should I just credit the bank or should I put the extra money with-drawled as a liability account ? Thank you in advance!

1718


Sir, Now, i am purchasing ply wood, board, and other material for my office furniture. But now the furniture is incomplete so what would be the journal entry for this exp. in book.

1511


how to calculate the rate of hard ,soft and very very hard rock rate of cubic meter

1103


Is push down accounting accepted under generally accepted accounting standards?

608


what is gl a/c? & why is it maintain

1461


How do we calculate the cost of investment?

1300


What information is included in a bill for services?

601


what is cost unit n what is cost sheet?

1753


Mention why some asset accounts have a credit balance?

646